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UBS has upgraded Peloton's stock from Sell to Hold, citing the company's cost-cutting measures and performance-based CEO compensation as stabilizing factors. Despite challenges in attracting new subscribers and a 5% drop in website traffic, analysts expect EBITDA to grow significantly by 2027. UBS raised its price target from $2.50 to $10 per share, while other firms also increased their targets, reflecting a Hold consensus rating among analysts.
Top Wall Street analysts are optimistic about three stocks: Fiserv, Boot Barn, and Chipotle. Fiserv reported strong Q3 results with a 17% rise in adjusted earnings, prompting an analyst to raise its price target. Boot Barn's stock fell despite a positive earnings report and raised guidance, leading to an upgrade from hold to buy. Chipotle's mixed Q3 results saw a reaffirmed buy rating, with expectations for improved sales driven by new menu offerings and operational enhancements.
Jonathan Komp
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS Upgrades Peloton Stock Amid Cost-Cutting and Performance Strategies
Nasdaq 100 Dec 24
Macquarie Group Limited
Peloton Interactive, Inc.
Robert W. Baird & Co. Inc.
USA
Arpine Kocharyan
Jonathan Komp
Paul Golding
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19:01 06.12.2024
top analysts highlight three promising stocks for long term growth
Fiserv, Inc.
Boot Barn Holdings, Inc.
Chipotle Mexican Grill, Inc.
USA
Jonathan Komp
Ivan Feinseth
Jim Conroy
Chris O’Cull
Show more
12:49 03.11.2024
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