Goldman Sachs Maintains Neutral Rating for Peloton Interactive: Here's What You Need To Know

Goldman Sachs has decided to maintain its Neutral rating of Peloton Interactive PTON and lower its price target from $6.50 to $5.75.

Shares of Peloton Interactive are trading down 3.42% over the last 24 hours, at $4.09 per share.

A move to $5.75 would account for a 40.42% increase from the current share price.

About Peloton Interactive

Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product revenue consists of sales of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. Subscription revenue consists of revenue generated from monthly Connected Fitness Subscription and Digital Subscription. The company generates the majority of the revenue from the sale of Connected Fitness Products.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.