Reported about 2 months ago
Peloton Interactive Inc.'s stock surged by 41% following better-than-expected earnings, marking a significant turnaround for the fitness company. Despite this rebound, Douglas Anmuth, JPMorgan Chase's analyst who maintained a bullish rating on Peloton since 2019, downgraded the stock to neutral, citing concerns over macroeconomic pressures and uncertain revenue growth. As Peloton attempts to recover from a steep decline since its pandemic highs, analysts remain divided, with some expressing cautious optimism about the company's renewed focus on profitability.
Source: YAHOO