Analysts Positive on Peloton's Ongoing Restructuring, Risk/Reward 'Increasingly Attractive'

It was reported on Friday afternoon that Peloton (PTON) told employees it will slash 780 jobs, close some stores and increase prices on some equipment.

Telsey Advisory Group analyst Dana Telsey: “We continue to believe it is early days in the formation of Peloton’s new strategic direction, and it will take 12-24 months to have the pieces in place… Given the lack of visibility into demand levels, profitability, and cash flow, we maintain our Market Perform rating.”

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