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

PTON Stock Forecast: Latest Price

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

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.

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PTON Stock Forecast: Technical Analysis

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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

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