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Peloton Interactive, Inc. (PTON) provides interactive fitness products in North America.
It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes.
The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. It has approximately 1.4 million members.
The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
Peloton Interactive reported a 3rd Quarter March 2020 loss of $0.20 per share on revenue of $524.6 million. The consensus estimate was a loss of $0.18 per share on revenue of $483.4 million.
The company said in its shareholders letter it expects fourth quarter revenue of $500.0 million to $520.0 million. The current consensus revenue estimate is $376.2 million for the quarter ending June 30, 2020.
Peloton has recently been upgraded to a $70 target price. As it's "bullish cup and handle" chart suggests, share prices should continue to move higher.
Entry point: $59.65
52-week trade range: $17.70 - $61.00
Stop/Loss: $56.70
Target Price: $65.90
PTON closed at $66.12
