Why Peloton Interactive Stock Is Still Falling Today
Shares of Peloton Interactive (NASDAQ: PTON) are falling 3.4% in early-morning trading Monday, continuing the decline it was on during the holiday-shortened week last week.
Analysts at UBS (NYSE: UBS) slashed their price target for the connected fitness equipment maker because they believe its subscription numbers will be softer than the already weak figures Wall Street had built a consensus around. They lowered their price target from $65 a share to $30 a share.
Image source: Peloton Interactive.
Source Fool.com
