PTON STOCK FORECAST: Pton falls to the previous level, trades in red. The outlook remains negative.

PTON STOCK FORECAST: Pton falls to the previous level, trades in red. The outlook remains negative.
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PTON Stock Forecast: For the Next 24 hours, the stock price of PTON is predicted to trade between $ 25.96 and $ 32.33. The Overall recommendation for next 24 hours is SELL.

1 of the 4 momentum indicators are Negative. None of the 4 momentum indicators is Positive.2 analysts

PTON Stock Forecast: Latest Price

PTON is trading 3.14% lower at $29.63 in the current session.

pp 3
Metric
Value
Indicator
Share Volume
13 M
NA
Average Share Volume
31 M
NA
Forward P/E (1 Year)
-7.76
NA

PTON RECENT DEVELOPMENTS

After The Wall Street Journal reported the prospects of Amazon negotiating a deal to acquire Peloton on Friday, the shares of Peloton have surged about 40% from the post-market price on Friday. Similar news was floated from the Financial Times, citing Nike is also considering an offer. While any potential deal may still be in the pipeline, none of Peloton’s potential suitors have opened on the matter; neither is it confirmed that the company is looking out for sale. 

In the latest development, the co-founder of Peloton, John Foley, resigned from the CEO position of the company in exchange for the title of Executive Chairman. Despite that, Foley, along with the other members of the management and two other co-founders, still controls about 80% of the voting power. While announcing the company’s earnings reports today, the ex-CEO hinted that he expects the changes to address investor concerns. Barry McCarthy, former CFO of Spotify and Netflix, has been appointed CEO post-Foley resignation.

Foley is of view that Peloton still has an expansive range of opportunities and, said he is excited to work closely with the new CEO. As of now, Peloton has not indicated any idea of a potential sale and in that case, it would be difficult for Blackwells Capitals – the activist investor that has been pressuring Peloton for sale – to force an acquisition while Foley and other members are still in the driving seat.

PTON Stock Forecast: Momentum Summary

Metric
Indicator
Price
LOWER
Technical Indicators
NEUTRAL
Sentiment
NEUTRAL
Volume
NA

PTON Stock Forecast: Performance Chart

 
1 Day
5 Day
1 Month
1 Year
-2.14%
-12.09%
9.50%
-76.74%

PTON Stock Forecast: Technical Analysis

Analyst
S3
R1
Recommendation
$26.73
$32.33
Sell
$25.96
$31.19
Sell

PTON Stock Forecast: Latest Videos

Peloton (PTON) When Would I Buy this Stock as a Swing Trader?

PTON Stock Forecast: Sentiment Analysis

Day
Positive
Negative
Recommendation
7 Days
10%
14%
Negative
1 Day
26.6%
20%
POSITIVE

Also Read: Evgo Stock Forecast

PTON Stock Forecast: Latest News and Tweets

Myles Grote on Twitter: “Some good visual forecast charts on $pton. Most people out there are totally disregarding subs growth and assuming retention rug is going to be pulled out in coming quarters. https://t.co/W5RDHmiCg6 / Twitter”

Some good visual forecast charts on $pton. Most people out there are totally disregarding subs growth and assuming retention rug is going to be pulled out in coming quarters. https://t.co/W5RDHmiCg6

ProfKG on Twitter: “$PTON stock is around pre -covid levels while their user base has grown leaps and bounds with a high retention. Buy buy!! / Twitter”

PTON stock is around pre -covid levels while their user base has grown leaps and bounds with a high retention. Buy buy!!

Why Peloton Interactive Stock Is Still Falling Today

Peloton Interactive Inc. (PTON): The Stock Medium Term Indicators Say Sell Today

The Decline of Peloton (PTON) In 2021

Is Peloton Stock a Good BUY?

PTON Stock Forecast: Company Background

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.

PTON Stock Forecast: Q3 Results

  • Peloton has announced that their growth was 141% to $1.26 billion because of the recent investments in the third quarter.
  • With an increase of 135% the total fitness subscriptions are 2.08 million.
  • Digital subscriptions grew 404% to 891 thousand in the third quarter.
  • With 81% of year over year growth the total gross profit in the third quarter is $444.9 million and 35.2% of revenue.
  • 51% increase in year over year operating expenses, the total operating expenses in the third quarter is $458.6 million.
  • Gross margin was 35.2%, Subscription gross margin was 64.6% and Subscription contribution margin was 68.4%.

-Rakesh Atla

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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