JPMorgan downgraded Peloton's stock from "overweight" to "neutral" with a $5 target price.

JPMorgan downgraded Peloton Interactive (PTON) from "overweight" to "neutral," setting a $5 target price, citing a potential 9.89% upside from the previous close. Peloton reported Q2 earnings beating estimates with sales up 0.3% YoY to $644M and ($0.08) EPS. The stock has an average rating of "Hold" and an average price target of $4.71.

August 23, 2024
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