Peloton Interactive Inc. shares are down more than 90% from their January 2021 closing high, but Baird analyst Jonathan Komp still sees risk to the name.
His Tuesday downgrade of the stock balances his “still-positive long-term view of the Connected Fitness long-run penetration potential, [Peloton’s] status as industry leader, and turnaround progress behind CEO Barry McCarthy” alongside his “more cautious view of the environment.”
That…
This post was originally published on MarketWatch
You must log in to post a comment.