5 Peloton Analysts Break Down Q1 Sales Miss From Pandemic Stock Favorite


Peloton Interactive Inc (PTON) Thursday reported its quarterly results, missing earnings by a wide margin. Here’s what the Street has to say.

Analyst Dana Telsey reiterated a Market Perform rating while maintaining a $9 price target. “Peloton is making progress reducing costs, which drove a lower than expected EBITDA loss in 1QF23, as well as a reduced cash burn,” Telsey said in a note. “Inventory also declined 7% from the prior quarter,” she added.

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