Interactive Strength (TRNR, Financial) has announced a significant milestone in its operations, securing an order for 480 of its innovative exercise bikes. These units include the newly launched Air Pro and Atom X models.
The substantial order comes from Woodway, a prominent distributor based in the United States, demonstrating growing international interest in Interactive Strength's offerings. This deal is projected to contribute over $1 million in revenue to Wattbike, the entity responsible for these advanced fitness machines.
This development not only highlights the increasing demand for high-performance fitness equipment but also reinforces Interactive Strength's position in the competitive fitness industry. With this order, the company can further capitalize on its innovative product lineup and expand its market presence.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Interactive Strength Inc (TRNR, Financial) is $60.00 with a high estimate of $60.00 and a low estimate of $60.00. The average target implies an upside of 7,296.45% from the current price of $0.81. More detailed estimate data can be found on the Interactive Strength Inc (TRNR) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Interactive Strength Inc's (TRNR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
