Peloton price target raised to $6.20 from $3.90 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Peloton (PTON) to $6.20 from $3.90 and keeps a Hold rating on the shares. The company reported better than expected fiscal Q1 results with Connected Fitness subs, revenue, and adjusted EBITDA all coming in ahead of the high end of its guidance, the analyst tells investors in a research note. However, the firm says Peloton’s fiscal 2025 topline guidance ranges were unchanged, suggesting continued pressure on the subscriber base and an unclear path back towards growth for the company.