Bank of America's analyst Curtis Nagle has adjusted the price target for Peloton (PTON, Financial) shares, reducing it from $11.50 to $9.50, yet he continues to uphold a Buy rating on the stock. Despite the adjustment, the firm remains optimistic about Peloton's capacity to generate EBITDA surpassing $400 million. This optimism stands against the company's fiscal year 2025 guidance, which estimates EBITDA between $325 million and $350 million.
The adjustment in the price target is attributed to a decrease in market valuation, though the firm still maintains its original earnings estimates. Bank of America anticipates that Peloton will release its report on May 1, forecasting third quarter figures of 2.87 million connected subscribers, revenue of $628 million, and EBITDA of $84.1 million.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Peloton Interactive Inc (PTON, Financial) is $9.20 with a high estimate of $20.00 and a low estimate of $4.00. The average target implies an upside of 61.35% from the current price of $5.70. More detailed estimate data can be found on the Peloton Interactive Inc (PTON) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Peloton Interactive Inc's (PTON, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Peloton Interactive Inc (PTON, Financial) in one year is $5.37, suggesting a downside of 5.79% from the current price of $5.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Peloton Interactive Inc (PTON) Summary page.
