From Financial Modeling Prep: 2025-04-28 10:18:00

Peloton Interactive (NASDAQ:PTON) stock rose over 4% today after Truist Securities upgraded it to Buy with a $11.00 price target. The fitness company has strengthened its balance sheet, reduced expenses, and refocused on revenue growth. Subscriptions now drive two-thirds of revenue, stabilizing margins. Valuation metrics suggest the stock is de-risked.

Analysts believe Peloton’s upcoming fiscal third-quarter results, due on May 8, could beat expectations. The upgrade signals confidence in the company’s shift towards sustainable growth post-restructuring. Truist sees Peloton’s improved fundamentals and business mix as key drivers for future profitability and stock performance.



Read more at Financial Modeling Prep:: Truist Upgrades Peloton to Buy, Shares Gain 4%