Peloton Interactive (PTON) Stock: $32 Price Target And Equal Weight Rating

By Amit Chowdhry ● Apr 11, 2022
  • The shares of Peloton Interactive Inc (NASDAQ: PTON) have received a $32 price target from Morgan Stanley. These are the details.

The shares of Peloton Interactive Inc (NASDAQ: PTON) have received a $32 price target from Morgan Stanley. And Morgan Stanley analyst Lauren Schenk is maintaining an “Equal-Weight” rating on the shares.

Schenk adjusted the rating as Morgan Stanley’s new Subscriber Website Activity & Traffic (SWEAT) tracker for Peloton pointed to 264,000 Connected Fitness net adds in the third quarter. This topped consensus forecasts and implies that Peloton may cross above its FY22 guidance for 3 million subscribers during the quarter. 

But Schenk pointed out that decelerating trends through the quarter are concerning.

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