A report on Peloton Interactive (PTON) fourth-quarter earnings is scheduled to be released this week. The Cowen Group released updated PTON shares forecasts days before the event. Experts believe that the price of the shares may rise by about 20% from its current level.
There is more to Peloton Interactive (PTON) than just home exercise equipment. The company also offers workout content and subscriptions to that content. During the COVID-19 pandemic in the second half of 2020, Peloton’s training content subscriptions grew over 130 percent.
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In the opinion of Cowen’s analysts, Peloton can grow even further with its audience and earn significant revenue in the future. As a result of that, Cowen on Monday upped its Price Target for Peloton to $175. Peloton’s Q4 report was published a few days after its target price stepped up.
As Demand for connected fitness increases and Subscribers grow, Cowen’s thesis suggests that Peloton’s stock could continue its rise. There is a high demand for Peloton, which means that buyers are prepared to wait from 8 to 10 weeks before receiving their simulators. Nevertheless, analysts declare that Peloton trades at a premium compared to comparable subscription-based services. However, Peloton still has growth prospects, so the valuation is justifiable.
Now that we have seen this publicly-traded company’s performance, let us review various moving trends for Peloton Interactive (PTON). The stock fell -0.04% over the last week and -2.63% over the last month. During the last quarter, shares of this organization’s stock rose by 34.04%. Within the last six months, the stock has increased 103.26%, with a full-year103.26%. At the time of writing, this stock has a -2.63% gain in year-to-date (YTD) performance.