Peloton Interactive (NASDAQ:PTON) Stock Price Expected to Rise, Truist Financial Analyst Says

Peloton Interactive (NASDAQ:PTON) had its price objective hoisted by stock analysts at Truist Financial from $11.00 to $12.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 68.90% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group reissued a “buy” rating and issued a $10.00 price target on shares of Peloton Interactive in a research note on Thursday, October 2nd. Morgan Stanley increased their target price on Peloton Interactive from $4.00 to $5.75 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Tuesday, October 14th. Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Peloton Interactive has an average rating of “Moderate Buy” and an average price target of $9.86.

Peloton Interactive Stock Up 5.9%

Shares of PTON stock traded up $0.40 during trading hours on Friday, hitting $7.11. 17,430,806 shares of the company were exchanged, compared to its average volume of 13,819,213. The firm has a market cap of $2.90 billion, a PE ratio of -22.95, a PEG ratio of 2.44 and a beta of 2.33. The firm has a fifty day moving average of $7.80 and a 200 day moving average of $7.22. Peloton Interactive has a 1 year low of $4.63 and a 1 year high of $10.90.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $540.61 million. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Peloton Interactive has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that Peloton Interactive will post -0.36 earnings per share for the current year.

Insider Activity at Peloton Interactive

In related news, insider Nick V. Caldwell sold 206,901 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.78, for a total value of $1,609,689.78. Following the completion of the transaction, the insider directly owned 737,788 shares in the company, valued at approximately $5,739,990.64. The trade was a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 238,664 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.85, for a total transaction of $1,873,512.40. Following the sale, the chief financial officer owned 346,535 shares in the company, valued at approximately $2,720,299.75. The trade was a 40.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,834,177 shares of company stock valued at $14,655,695 over the last 90 days. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Hedge funds have recently bought and sold shares of the stock. Oder Investment Management LLC bought a new position in Peloton Interactive in the first quarter valued at about $336,000. D.A. Davidson & CO. bought a new position in shares of Peloton Interactive during the second quarter worth about $338,000. Teacher Retirement System of Texas acquired a new position in shares of Peloton Interactive in the first quarter worth approximately $431,000. Resolute Capital Asset Partners LLC bought a new stake in Peloton Interactive in the first quarter valued at approximately $790,000. Finally, Panagora Asset Management Inc. increased its position in Peloton Interactive by 214.5% during the 1st quarter. Panagora Asset Management Inc. now owns 745,041 shares of the company’s stock valued at $4,709,000 after purchasing an additional 508,160 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.