Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy

8
6
Favorite

Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy

MarketWatch2021-04-20

PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（6）

Lauuu
·2021-04-20
$Alibaba(BABA)$??
Reply
2
Report
Fold Replies
- Lauuu:
  ????
  2021-04-21
  Reply
  Report
SweetieLook
·2021-04-20
please like n respond to my comment
Reply
Like
Report
vmvm
·2021-04-20
。
Reply
1
Report
Fold Replies
- vmvm:
  1
  2021-04-20
  Reply
  Report
lyk098
·2021-04-20
...
Reply
Like
Report
Mang0Tang0
·2021-04-20
.
Reply
Like
Report
Boo2bear
·2021-04-20
Temporary setback. Do you think that Price has fallen to an attractive level?
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1156554644?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-20 11:32","share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","id":"1156554644","market":"us","top_or_hot":-1,"title":"Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy","media":"MarketWatch","content":"<div>\n<p>PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/peloton-stock-falls-after-safety-news-analysts-see-a-chance-to-buy-51618854878?mod=mw_latestnews\">Source Link</a>\n\n</div>\n","source":"market_watch","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/peloton-stock-falls-after-safety-news-analysts-see-a-chance-to-buy-51618854878?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/peloton-stock-falls-after-safety-news-analysts-see-a-chance-to-buy-51618854878?mod=mw_latestnews\">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.marketwatch.com/articles/peloton-stock-falls-after-safety-news-analysts-see-a-chance-to-buy-51618854878?mod=mw_latestnews","article_id":"1156554644","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156554644","pubTimestamp":1618889564,"sourceInfo":{"source_id":"market_watch","name":"华尔街大事件"},"weMediaInfo":null,"summary":"PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news represents a buying opportunity.Last week, the Consumer Product Safety Commission said people should stop using Peloton’s Tread+ machine if they had small children or pets at home, asking the exercise equipment maker to recall the product.Peloton on Saturday called the warning “inaccurate and misleadin","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"translate_title":"在跑步机警告后，佩洛顿股价下跌。华尔街看到买入机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTON":0.9},"content_text":"PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news represents a buying opportunity.\nLast week, the Consumer Product Safety Commission said people should stop using Peloton’s Tread+ machine if they had small children or pets at home, asking the exercise equipment maker to recall the product.Peloton on Saturday called the warning “inaccurate and misleading.”\nShares of Peloton (ticker: PTON) tumbled 9.6% on Monday. They are down more than 30% this year compared with a 10.7% gain in the S&P 500.\nThe regulator cited 39 incidents, including the death, saying it believes the treadmill poses serious risks to children for abrasions, fractures, and death. It urged people who have children at home to stop using the machine.\nOn Saturday, Peloton said there was no reason to stop using it, adding that children under 16 years old should not use it and that owners should keep children and pets away from it.\nStifel analyst Scott Devitt confirmed his Buy rating on the stock and his target of $170 for the share price, saying the decline is a chance to buy.\n“While we don’t believe the event will have lasting consequences for the company, the timing of it isn’t great given the short-term vulnerability the stock has to increased human mobility,” he said in a note.\nPeloton, best known for its nearly $2,000 stationary bicycles and subscription spinning classes, won over customers in the past year because the closing of gyms and exercise studios as a result of the pandemic have forced people to work out from home. Perhaps because of the surge in popularity, the company also has struggled to keep up with demand, pledging to spend millions to speed up shipping and delivery.\nNow, the concern iswhether Peloton can hold on to its popularityas gyms reopen. Wall Street remains positive.\nJP Morgan analyst Doug Anmuth also said the stock-price drop is a buying opportunity, reiterating his Overweight rating on the shares.\nPeloton warned about the accident involving its treadmill last month. It has since taken steps to ensure the safety of the product, Anmuth said in a note. It won’t stop selling or recall the treadmills, he said, and it isn’t expected to delay the introduction of a lower-priced model next month.\nTruist analyst Youssef Squali also kept a Buy rating on Peloton shares, with a $160 price target. The CPSC warning is a “black eye” for the company, but won’t affect revenue and profit, he said.\nHis target implies a 52% gain from the current price.\nSquali cited several reasons the CPSC’s warning will have little effect on Peloton’s near-term results. First, he said, it isn’t clear whether Tread+ is more dangerous than other treadmills. He cited CPSC data that 22,500 emergency-room visits were linked to treadmills in 2019. Peloton introduced Tread+ in 2018.\nSecond, the analyst said, treadmills are popular, with more than 5 million sold annually. The demand has only increased because of the pandemic.\nThird, Peloton is projecting that treadmills will account for a bigger portion of its equipment sales in the coming year, he said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":371026655,"gmtCreate":1618894285877,"gmtModify":1704716488678,"author":{"id":"3576024520094293","authorId":"3576024520094293","authorIdStr":"3576024520094293","name":"Lauuu","avatar":"https://static.tigerbbs.com/02c1a1e93d0024ed67162afaf9bd827e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576024520094293"},"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>??","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>??","text":"$Alibaba(BABA)$??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/371026655","repostId":1156554644,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4086107,"gmtCreate":1618946965856,"gmtModify":1680784855272,"authorId":3576024520094293,"author":{"id":3576024520094293,"authorId":3576024520094293,"name":"Lauuu","avatar":"https://static.tigerbbs.com/02c1a1e93d0024ed67162afaf9bd827e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":371026655,"type":1,"supId":0,"prevId":0,"content":"????","text":"????","html":"????"}],"langContent":"EN"},{"id":371066496,"gmtCreate":1618893386115,"gmtModify":1704716473972,"author":{"id":"3554812674212347","authorId":"3554812674212347","authorIdStr":"3554812674212347","name":"SweetieLook","avatar":"https://static.tigerbbs.com/e9aa3124d3b13e671ec2b7446044171e","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1,"idStr":"3554812674212347"},"htmlText":"please like n respond to my comment&nbsp;","listText":"please like n respond to my comment&nbsp;","text":"please like n respond to my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371066496","repostId":1156554644,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371061388,"gmtCreate":1618893187744,"gmtModify":1704716470570,"author":{"id":"3581725660438821","authorId":"3581725660438821","authorIdStr":"3581725660438821","name":"vmvm","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581725660438821"},"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/371061388","repostId":1156554644,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4080698,"gmtCreate":1618893223391,"gmtModify":1680784768261,"authorId":3581725660438821,"author":{"id":3581725660438821,"authorId":3581725660438821,"name":"vmvm","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":371061388,"type":1,"supId":0,"prevId":0,"content":"1","text":"1","html":"1"}],"langContent":"EN"},{"id":371088855,"gmtCreate":1618892527177,"gmtModify":1704716459363,"author":{"id":"3581927268423888","authorId":"3581927268423888","authorIdStr":"3581927268423888","name":"lyk098","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581927268423888"},"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371088855","repostId":1156554644,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371015059,"gmtCreate":1618891897571,"gmtModify":1704716449308,"author":{"id":"3572357833590827","authorId":"3572357833590827","authorIdStr":"3572357833590827","name":"Mang0Tang0","avatar":"https://static.tigerbbs.com/d68fea41d85a92394ea71e1269f630cd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572357833590827"},"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371015059","repostId":1156554644,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371034163,"gmtCreate":1618891136652,"gmtModify":1704716436686,"author":{"id":"3578969648963961","authorId":"3578969648963961","authorIdStr":"3578969648963961","name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578969648963961"},"htmlText":"Temporary setback. Do you think that&nbsp; Price has fallen to an&nbsp;attractive level?&nbsp;","listText":"Temporary setback. Do you think that&nbsp; Price has fallen to an&nbsp;attractive level?&nbsp;","text":"Temporary setback. Do you think that Price has fallen to an attractive level?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371034163","repostId":1156554644,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}