© Reuters
By Sam Boughedda
Investing.com — On Monday, Morgan Stanley analyst Lauren Schenk initiated protection of Peloton Interactive, Inc. (NASDAQ:) with an ‘equal weight’ score and a $32 worth goal.
In a word to shoppers, the analyst stated they anticipate Peloton “to stay the clear chief in linked health, with its industry-leading content material and low churn as the important thing shareholder worth.”
Nevertheless, Schenk defined that they lack visibility and conviction within the medium-term outlook as they await extra element round Peloton’s new CEO, Barry McCarthy’s technique, together with tools pricing adjustments, subscription pricing, and the evolution of the content material platform.
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