Why Peloton Stock Was Out of Breath Today
Peloton Interactive (NASDAQ: PTON) had a forgettable day on the stock market on Tuesday. The company's shares slipped by almost 4%, in contrast to the more or less flat performance of the S&P 500 index, on the back of a second analyst downgrade in nearly as many days.
This morning, analyst Deepak Mathivanan of Wolfe Research sliced his price target on Peloton stock to $46 per share from the previous $60. He's keeping a peer perform recommendation on the shares.
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Source Fool.com
