Wedbush Cuts Price Target on Peloton (PTON) to $107

I am a big advocate that Peloton (PTON) needs a second act, says James Hardiman of Wedbush Securities. He thinks the new treadmill can be that, but discusses the headwinds including the safety recalls. He says they will need to hit and exceed numbers during the remaining three quarters of the year. Wedbush cuts price target to $107 from $115 with a neutral rating, but adds that Peloton is still a fantastic growth company.

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Wedbush Cuts Price Target on Peloton (PTON) to $107

I am a big advocate that Peloton (PTON) needs a second act, says James Hardiman of Wedbush Securities. He thinks the new treadmill can be that, but discusses the headwinds including the safety recalls. He says they will need to hit and exceed numbers during the remaining three quarters of the year. Wedbush cuts price target to $107 from $115 with a neutral rating, but adds that Peloton is still a fantastic growth company.

ON AIR
7:00 am
Futures
12:00 am
Your First Trade
REPLAY
1:00 am
Fast Market
REPLAY
2:00 am
Virtual Trade
REPLAY
2:30 am
Virtual Trade
REPLAY
3:00 am
Virtual Trade
REPLAY
3:30 am
Virtual Trade
REPLAY
4:00 am
Market Overtime
REPLAY
4:30 am
Fast Market
REPLAY
5:30 am
Your First Trade
REPLAY
6:30 am
Market Overtime
REPLAY
ON AIR
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Fast Market
11:00 am
Your First Trade
12:00 pm
The Watch List
1:00 pm
Mid-Day Trade
1:30 pm
MID-DAY Movers
2:00 pm
Market On Close
4:00 pm
Market Overtime
4:30 pm
Weekend Trader
5:00 pm
Fast Market
REPLAY
6:00 pm
Your First Trade
REPLAY
7:00 pm
Market Overtime
REPLAY
7:30 pm
Weekend Trader
REPLAY
8:00 pm
Market Overtime
REPLAY
8:30 pm
Weekend Trader
REPLAY
9:00 pm
Your First Trade
REPLAY
10:00 pm
Fast Market
REPLAY
11:00 pm
Market Overtime
REPLAY
11:30 pm
Weekend Trader
REPLAY

Get Market Minute

Daily insights for every investor

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