Telsey Advisory Group reiterates its Outperform rating on Peloton Interactive (NASDAQ:PTON).
Analyst Dana Telsey: “We expect another strong report from Peloton for its 2QF21 ended December, with upside to the outlook provided on November 5. In our view, the high order backlog from 1QF21, combined with continued strong demand (currently 8-10 weeks delivery time) for Bike, Bike+, and Tread+, as well as digital content, should fuel growth in 2QF21. The adoption of digital and at-home fitness over the past ten months is creating long-term, rather than temporary, structural changes in consumer behavior that benefit Peloton’s connected fitness model.”
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