May 10, 2022
[1 min Read]
PTON Stock is down 17.48% today and trading around $12.33 per share. Usually, Peloton Interactive, Inc. shares trade within the $2.07 range, so this move is significant. We are seeing a dive in the overall market, but with Peleton dropping more significantly than other similar companies in the space.
PTON has just dropped below their 52-Week Low, and is trading around $14.06. If PTON ends up closing below its previous all-time low, this will be very bearish. Alternatively, if PTON is able to close above its previous 52 week low, we may be in for a rebound. Given the overall market trend I don;t think we've seen the bottom yet for Peleton, even though analysts are still indicating a buy or hold rating on the stock
Citigroup just released their rating for PTON. As of Apr 20, 2022 Citigroup rates PTON as a buy, compared to their previous rating of hold for PTON.
Here is the current analyst rating distribution for PTON. In total there are 28 PTON analyst ratings.
Analyst Ratings have provided relatively strong indicators of future price movement, which is why they are used to determine a PTON stock forecast. However, this shouldn't be the only factor when determining whether to invest in Peloton Interactive, Inc., I would use Analyst Ratings as a datapoint along with other fundamental indicators and investment metrics.
Based on the most recent news I don't think we've seen the bottom yet for Peleton.