Roth MKM lowered the firm’s price target on Peloton to $8 from $9 but keeps a Buy rating on the shares. The company’s Q1 results and forward guide were relatively consistent with estimates, as the environment and the company’s financial model appear to be stabilizing, the analyst tells investors in a research note. It could take time for the at-home market to pick up materially, but when it does, Peloton is positioned to take market share, the firm added.
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