roastmarsh
2021-07-14
Like pls
Wedbush downgrades Peloton, says customer engagement falling with gyms reopened
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWedbush downgrades Peloton, says customer engagement falling with gyms reopened\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 19:52 GMT+8 <a href=https://www.cnbc.com/2021/07/14/peloton-stock-pton-wedbush-downgrade.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Peloton needs to prove it can grow in a post-pandemic world before the stock can beat the market again, according to investment firm Wedbush.\nAnalyst James Hardiman downgraded the stock to neutral ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/peloton-stock-pton-wedbush-downgrade.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"source_url":"https://www.cnbc.com/2021/07/14/peloton-stock-pton-wedbush-downgrade.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137188160","content_text":"Peloton needs to prove it can grow in a post-pandemic world before the stock can beat the market again, according to investment firm Wedbush.\nAnalyst James Hardiman downgraded the stock to neutral from outperform, saying in a note to clients on Wednesday that growth will be harder to come by for the exercise equipment company.\n“PTON is now embarking on the next leg of its growth story, one that in a post-pandemic era will require the company to generate its own momentum through savvy marketing and compelling new products,” the note said.\nThe stock was a big winner in 2020 as gyms across the United States were temporarily closed due to the pandemic, but shares have pulled back by more than 20% this year.\nWedbush’s research, including social media and internet search trends, suggest that Peloton is seeing a drop off in customer engagement.\n“In each case, the y/y growth in the June quarter has seen substantial deceleration, which should not be surprising given seasonal and reopening headwinds, but nonetheless would seem to mark a turning point for a company that has continually defied gravity since its IPO, and presents evidence that the law of large numbers is finally catching up,” the note said.\nThe investment firm cut its price target on Peloton to $115 per share from $130. 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