Peloton shares gained 5.23% on Monday, extending momentum from last week’s strong fourth-quarter earnings report, according to Benzinga. Shares of the exercise equipment maker have surged about 18.5% over the past five sessions after reporting quarterly results that beat analyst expectations and signaled progress in its turnaround strategy. Peloton reported GAAP net income of $21.6 million, reversing a loss from the prior year. Gross margin rose 560 basis points to 54.1%, and adjusted EBITDA grew to $140 million. Peloton plans to save at least $100 million through restructuring by 2026 and forecasts fiscal 2026 revenue of $2.4 million to $2.5 billion with adjusted EBITDA of $400 million to $450 million. Goldman Sachs boosted the stock’s rating from Neutral to Buy and raised its price target from $7 to $11.50.
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