Peloton Recalls Wreak Havoc on Earnings
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Peloton blew another tire. The beleaguered exercise equipment and media company's stock plunged more than 22% Wednesday after it reported a steep drop in subscribers that puts a bright spotlight on the speed of its attempted turnaround.
The company said subscribers grew 4% annually to roughly 3 million, but down 29,000 compared to last quarter. CEO Barry McCarthy said in a shareholder letter Wednesday that "consumer spending shifted toward travel and experiences" beginning in May and June, prompting people to spend less time on Peloton fitness gear.
Source Fool.com
Peloton Interactive Inc. Stock
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 8 Buy predictions and 4 Sell predictions.
With a target price of 8 € there is potential for a 174.11% increase which would mean more than doubling the current price of 2.92 € for Peloton Interactive Inc..
