From CNBC: 2024-10-25 14:41:06

David Einhorn presented his bullish case on Peloton at the Robin Hood Investors Conference, suggesting the stock could reach $31.50 per share if EBITDA projections double. The presentation mimicked a Peloton workout class, emphasizing the potential for growth through cost cuts and optimizing the subscription business. Peloton aims to improve its financials through management restructuring and cost-saving initiatives, projecting adjusted EBITDA between $200 million and $250 million by fiscal 2025. Peloton’s high-margin subscription business has potential for substantial free cash flow with deep cost cuts, supporting a share price range of $7.50 to $31.50 if EBITDA reaches $450 million. The company’s loyal customer base and growing demand for home workouts are seen as key drivers of future growth.



Read more at CNBC: David Einhorn thinks Peloton could be worth $31 a share