Now Is the Time to Buy Peloton, Analyst Says

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Now Is the Time to Buy Peloton, Analyst Says

Barrons2021-03-09

After a breakout 2020,Peloton Interactive stock has shaved off about 30% from its levels entering the year. An analyst at MKM Partners thinks it’s time to buy. Rohit Kulkarni has rated Peloton stock (...

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车厘子tomato
·2021-03-09
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车厘子tomato
·2021-03-09
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JosephHo
·2021-03-09
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  2021-03-09
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L22
·2021-03-09
Okay
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An analyst at MKM Partners thinks it’s time to buy.\nRohit Kulkarni has rated Peloton stock (...</p>\n\n<a href=\"https://www.barrons.com/articles/now-is-the-time-to-buy-peloton-analyst-says-51615227276?mod=hp_DAY_Theme_1_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.barrons.com/articles/now-is-the-time-to-buy-peloton-analyst-says-51615227276?mod=hp_DAY_Theme_1_3","article_id":"1192915615","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192915615","pubTimestamp":1615276113,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"After a breakout 2020,Peloton Interactive stock has shaved off about 30% from its levels entering th","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"translate_title":"分析师说，现在是购买Peloton的时候了","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTON":0.9},"content_text":"After a breakout 2020,Peloton Interactive stock has shaved off about 30% from its levels entering the year. An analyst at MKM Partners thinks it’s time to buy.\nRohit Kulkarni has rated Peloton stock (ticker: PTON) at Neutral since he launched coverage in October 2019. But he raised his rating to Buy in a note Monday after therecent selloff in stay-at-home stocksbrought Peloton shares below his $130 price target.\nKulkarni pointed to several factors driving his upgrade, including supply chain improvements, the rollout of a lower price treadmill later this spring, the potential for business-to-business sales, Peloton’s network of dedicated users, and a better improved risk-reward setup.\nIn December, the company signed an agreement to buy workout equipment provider Precor for $420 million.Analysts notedthe deal wouldbeef up Peloton’s manufacturing. But they also pointed out that most of Precor’s sales come from commercial consumers like gyms, hotels, universities, and multifamily residences. And they viewed Precor’s longstanding relationships as a way Peloton could better break into such spaces.\n“Plus, the company has been making inroads into logical extensions to its current value proposition, via last year’s announcement of the refurbished program and growing focus on off-bike workouts, particularly strength training,” Kulkarni added.\nKulkarni also noted that based on forecasts, Peloton is expected to quintuple the size of its installed base from June 2019 through June 2021. 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