Truist Securities Raises Price Target for Peloton, Maintains 'Hold' Rating

Published 6 hours agoPTON

Truist Securities Raises Price Target for Peloton, Maintains 'Hold' Rating

Truist Securities has adjusted its price target for Peloton Interactive Inc. to $11 from the previous $10, while keeping a 'Hold' rating on the stock. This reflects Truist's cautious optimism about Peloton's initiatives to improve its financial performance. The company's efforts to enhance its operations are acknowledged, though substantial growth is not expected before fiscal year 2026, as noted by Nasdaq.

As of the latest trade, Peloton's stock was priced at $6.47, showing a slight increase of $0.18 or 0.03% compared to the previous close. The stock opened at $6.54, with an intraday high and low of $6.75 and $6.32, respectively. The trading volume at that time was 4,963,944 shares, indicating a notably active day on the market.

Peloton continues to focus on refining its business model and strategies to pave the way for sustained growth in the future. While Truist Securities is positive about Peloton's progress, the firm suggests a more substantial financial uplift is unlikely to occur before the 2026 fiscal year. For now, the 'Hold' rating signifies a wait-and-see approach as the company navigates its current business landscape.

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