Is Peloton Stock a Buy Right Now? This Is What You Need to Know

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Is Peloton Stock a Buy Right Now? This Is What You Need to Know

TipRanks2022-02-09

Peloton (PTON) snuck out its FQ2 earnings before the market opened on Tuesday and once again slashed its outlook for the fiscal year.While the prior forecast had revenue coming in between $4.4 billion...

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zzann
·2022-02-09
Peloton's brand appeal to a niche market that is in need of convenient access to fitness. It's business model is working well. As the company's subscriber base continues to grow at a rapid pace, Peloton's stock price has been increasing quickly. This trend should continue as the company expands the reach of its streamable classes and racks up more licensing deals. While investors in Peloton stock will have to endure frequent volatility, the company's unique business model and recurring revenue stream should lead to long-term growth.
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Victorhc88
·2022-02-09
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Bobopo
·2022-02-09
Yes
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This Is What You Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-09 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/is-peloton-stock-a-buy-right-now-this-is-what-you-need-to-know-3/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Peloton (PTON) snuck out its FQ2 earnings before the market opened on Tuesday and once again slashed its outlook for the fiscal year.While the prior forecast had revenue coming in between $4.4 billion...</p>\n\n<a href=\"https://www.tipranks.com/news/article/is-peloton-stock-a-buy-right-now-this-is-what-you-need-to-know-3/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PTON","symbol_name":"Peloton Interactive, Inc.","start_time":0,"source_url":"https://www.tipranks.com/news/article/is-peloton-stock-a-buy-right-now-this-is-what-you-need-to-know-3/","article_id":"1127422819","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/is-peloton-stock-a-buy-right-now-this-is-what-you-need-to-know-3/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1127422819","pubTimestamp":1644377248,"columns":[],"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Peloton (PTON) snuck out its FQ2 earnings before the market opened on Tuesday and once again slashed","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"translate_title":"珀洛东股票现在买吗？这就是你需要知道的","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTON":0.9},"content_text":"Peloton (PTON) snuck out its FQ2 earnings before the market opened on Tuesday and once again slashed its outlook for the fiscal year.While the prior forecast had revenue coming in between $4.4 billion to $4.8 billion, the company now expects revenue in the $3.7 billion to $3.8 billion range. The consensus estimate stood at $4.1 billion.Whereas the Street was projecting an adjusted EBITDA loss of $463 million, Peloton anticipates a wider loss of $625 million to $675 million, compared to a loss of $425-475 million beforehand.As for FQ2’s display, revenue increased from $1.06 billion to $1.13 billion, a year-over-year uptick of 6.6% and roughly in-line with the Street’s call of $1.14 billion. On the bottom-line, the company posted a loss of $1.39 a share, worse off than Wall Street’s $1.20 loss per share forecast.Beyond the headline numbers, the troubled home exercise specialist also dropped some big news.To deal with the growing losses and lackluster demand, the company said it will reduce around 20% of the workforce, amounting to 2,800 jobs. Peloton sees its cost-cutting plan resulting in annual savings of at least $800 million.Additionally, it announced some big changes in the C-Suite, including the transition of Co-founder and CEO John Foley to Executive Chair. Barry McCarthy, a former Netflix and Spotify CFO, will take his position.All Peloton conversations recently have revolved around the prospect of a takeover, but Baird analyst Jonathan Komp thinks this latest action could meaningfully improve the company’s standing.“While today’s announcement in our view lowers the probability of a strategic takeover (we had assumed <25% probability), we initially view today’s announced organizational changes as the right moves for the long-term health of the organization as a stand-alone company,” the 5-star analyst said. “We are impressed and encouraged to see John Foley and the board add a highly experienced technology/media operator/investor in new CEO Barry McCarthy, and to commit to a sizable restructuring that we believe is needed.”Accordingly, Komp rates PTON shares an Outperform (i.e. Buy) along with a $40 price target.The Street’s average target is just a touch above Komp’s objective; at $42.17, the figure suggests the stock will appreciate ~11% over the coming months. Overall, based on 10 Buys, 8 Holds and 1 Sell, the stock boasts a Moderate Buy consensus rating.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9096670299,"gmtCreate":1644382803012,"gmtModify":1676533919879,"author":{"id":"3582671050341753","authorId":"3582671050341753","name":"zzann","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582671050341753","idStr":"3582671050341753"},"htmlText":"Peloton's brand appeal to a niche market that is in need of convenient access to fitness. It's business model is&nbsp;working well. As the company's subscriber base continues to grow at a rapid pace, Peloton's stock price has been increasing quickly. 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As the company's subscriber base continues to grow at a rapid pace, Peloton's stock price has been increasing quickly. This trend should continue as the company expands the reach of its streamable classes and racks up more licensing deals. While investors in Peloton stock will have to endure frequent volatility, the company's unique business model and recurring revenue stream should lead to long-term growth.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096670299","repostId":1127422819,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096645801,"gmtCreate":1644381926564,"gmtModify":1676533919756,"author":{"id":"3582248650466523","authorId":"3582248650466523","name":"Victorhc88","avatar":"https://static.tigerbbs.com/d72a1d9498132424b1eddb4db3c77265","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582248650466523","idStr":"3582248650466523"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096645801","repostId":1127422819,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096650896,"gmtCreate":1644377963862,"gmtModify":1676533919311,"author":{"id":"4089460854604900","authorId":"4089460854604900","name":"Bobopo","avatar":"https://static.tigerbbs.com/c06c9ece96f931b40afb10a5e4bc89c4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4089460854604900","idStr":"4089460854604900"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096650896","repostId":1127422819,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":125,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}