2024-05-05 15:00:00 ET
Peloton Interactive (NASDAQ: PTON) investors had a crazy week. The stock slipped 22% on Thursday after Peloton reported its CEO is stepping down and it missed on Q3 2024 sales, while reporting positive free cash flow (FCF). However, it rebounded later that day, even as Wall Street weighed in with (mostly negative) comments on the report. Pelton is now down 5% since the report.
Multiple analysts cut their Peloton price targets Friday, among them BMO Capital 's Simeon Siegel, who lowered Peloton from $7.50 to $6.50 per share. That's the bad news.
The good news is that if Peloton goes even to $6.50 per share ... it will be a 90% gain from Friday's closing price.
For further details see:
Peloton Stock Has 90% Upside, According to 1 Wall Street Analyst