Citi analyst Ronald Josey lowered the firm’s price target on Peloton (PTON) to $10 from $11 and keeps a Neutral rating on the shares. The company’s better than expected fiscal Q2 results highlight improving engagement, unit economics, and profitability that sets the stage for a return to growth in fiscal 2026, the analyst tells investors in a research note. The firm we exits the earnings report most encouraged with Peloton’s subscription churn stabilizing at the 1.4% level, saying this provides greater visibility to the business.
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