Peloton Stock Forecast 2023: Will PTON Rise Above $20?

Peloton (PTON) Stock Forecast 2023: PTON is technically bullish and the trade recommendation is a buy.

Peloton Stock Prediction or the12 Months Target price is $20

Latest PTON Price

PTON Stock Performance

  • Last 1 Month: -18.2%
  • Last 6 Months: +51.8%
  • Last 12 Months: -59.2%

Peloton Stock Forecast Today

GMT: 29 May, 2023 12:42 AM
Overall OutlookNeutral
1. Market's WisdomNeutral
1a. Market DataPartially Bullish
1b. Technical RecommendationSell
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentNeutral

Peloton Stock Prediction: 12 Months Target

PTON Target Price, 12 Months$20
Roth Capital$20
Canaccord Genuity$20
Bank of America$19

Peloton (PTON) Stock Forecast 2023: Recent Development

In recent quarters, the corporation has been reorganizing its operations through several initiatives. As an illustration, it began outsourcing the manufacturing of its workout equipment, cut the size of its personnel by almost 50%, and cut its annualized run rate expenditures by around $830 million. The business has started selling its goods through Dick’s Sporting Goods and Amazon. The firm wants to resume year-over-year sales growth and get closer to sustained cash flow breakeven during the second year of the turnaround.

Peloton Stock Forecast 2023: Fundamentals

Peloton Interactive is a North American Based Fitness and Media company. It produces Exercise Equipements. The company Offers Workout Bikes for indoor cycling and other fitness equipment. The company was founded in 2012 and it is located in New York City. The main products of the company are Internet-connected Stationary bicycles and treadmills.

In North America and other countries, Peloton Interactive, Inc. runs an interactive fitness platform. The Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ brands are connected workout gadgets with touchscreens that broadcast live and on-demand sessions. It also offers access to numerous live and on-demand courses, linked fitness subscriptions for different household users, and the Peloton Digital app for connected fitness subscribers to provide them access to its classes.

  1. PE Ratio: Peloton Interactive Inc. has a price-to-earnings ratio of negative 1.84 which is quite less as compared to the industry average of 5.17 times.
  2. Price-to-sales ratio: As PTON is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis. The company is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (1.3x).
  3. Return on investments: The company is earning a negative 32.47% on its investments which shows that the company’s financial health is ominous, this can be said as the industry average ROI is around 14.31%.
  4. Quick ratio: After the turnaround strategy was made by the organization’s management, PTON started seeing a reduction in the negative cash flows, which provides the company with a healthy cash reserve thereby giving them a quick ratio of 1.1 whereas the industry’s average stands at 0.77.

Peloton Stock Forecast: Macros

The demand for PTON equipment increased during the COVID epidemic but is now declining once more as the world emerges from its pandemic lockdown period and people return to the gym. The company’s stock is already down and has sufficient room left to go in due to the continued poor macro trends. With this sudden dramatic decrease in demand and other macroenvironmental factors like inflationary pressures and a slowing economy, the company had to decrease the price of its goods to sustain itself in the market. Of course, in a time of slowdown, with lesser disposable income the products would be bought only if placed at cheaper rates. But this made the business unprofitable and the investors initially attracted by the growth started fleeing and withdrawing their investments.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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