Peloton (PTON) Stock: $76 Price Target From Deutsche Bank

By Amit Chowdhry ● Dec 3, 2021
  • The shares of Peloton Interactive Inc (NASDAQ: PTON) have received a $76 price target from Deutsche Bank. These are the details.

The shares of Peloton Interactive Inc (NASDAQ: PTON) have received a $76 price target from Deutsche Bank. And Deutsche Bank analyst Chris Woronka initiated coverage of Peloton with a “Buy” rating.

Woronka noted that while there are scenarios in which Peloton shares go lower from here, there are more scenarios that result in greater upside based on fundamental and unemotional analyses of the company’s earnings power in a normalized and fully-reopened economic environment. 

Plus Woronka thinks that the hybrid work model extends to fitness and that the company has plenty of momentum to regain operationally. And if the stock can regain its footing for fundamental reasons, it has quite a bit of room to run.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.