PTON on the log chart for a more clear view, but a big TL from ATH could be broken. With a soon to be announced OpenAI and PTON collab, could be huge. Also, if PTON can follow through from last quarter and post another net positive quarter, that would boost confidence as well. From a technical standpoint, there seems to be a massive inverse h/s or a cup and handle or a triangular breakout forming. If price can close above this volume shelf on the bottom, it could run up to the 20s very quick IMO.
PTON Goldman Backs Peloton’s (PTON) Rally Goldman Sachs upgraded its rating on Peloton from neutral to buy. The upgrade came after the company’s latest financial results clearly exceeded market expectations. Analyst Eric Sheridan set a price target of $11.50, representing an upside potential of 61%. Previously, the estimate was only $7 per share.
Sheridan highlighted the arrival of a new management team and fresh initiatives. According to him, these measures aim to accelerate the platform’s growth and improve monetization over the coming years. In addition, he projects higher returns on capital thanks to stronger free cash flow conversion. Therefore, he expects this to enhance the company’s appeal in the coming quarters.
PTON on the log chart for a more clear view, but a big TL from ATH could be broken. With a soon to be announced OpenAI and PTON collab, could be huge. Also, if PTON can follow through from last quarter and post another net positive quarter, that would boost confidence as well. From a technical standpoint, there seems to be a massive inverse h/s or a cup and handle or a triangular breakout forming. If price can close above this volume shelf on the bottom, it could run up to the 20s very quick IMO.
