From Barchart:



– Peloton is a New York-based exercise equipment and fitness product manufacturer
– Peloton saw a spike in sales during the pandemic but struggled after the reopening of gyms
– Shares have slumped 20% in 2023 and have since risen 48% from its low
– Analysts have a consensus “Hold” rating on the stock, but Oppenheimer’s Brian Nagel has a “Buy” rating with a price target of $20
– 6 analysts have a “Strong Buy” rating, 14 have a “Hold” rating, 1 has a “Moderate Sell” rating, and 2 have a “Strong Sell” rating
– The mean price target for PTON is $8.16 with a 30.9% expected upside potential to current levels



Read more: Could Peloton Stock Triple in 2024?