Peloton Interactive, Inc. PTON reported better-than-expected second-quarter financial results on Thursday.
The company's quarterly losses dropped to $30.5 million from $241.1 million compared to the same period last year while its sales rose to $643.6 million, up from $642.1 million a year earlier and exceeding analyst expectations of $630.48 million, according to data from Benzinga Pro
Peloton Interactive shares climbed 35.4% to close at $4.55 on Thursday.
These analysts made changes to their price targets on Peloton Interactive following earnings announcement.
- JP Morgan analyst Doug Anmuth downgraded Peloton Interactive from Overweight to Neutral and lowered the price target from $7 to $5.
- Canaccord Genuity analyst Michael Graham maintained Peloton Interactive with a Hold and raised the price target from $4 to $5.
- TD Cowen analyst John Blackledge maintained Peloton Interactive with a Hold and raised the price target from $3 to $4.
Considering buying PTON stock? Here’s what analysts think:
![](https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23091045/image-226-1024x506.png)
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