Merrill Lynch analyst Justin Post maintained a Buy rating on Peloton Interactive (NASDAQ:PTON) on Monday, setting a price target of $116, which is approximately 4.75% above the present share price of $110.74.
Post expects Peloton Interactive to post earnings per share (EPS) of $0.48 for the fourth quarter of 2020.
The current consensus among 23 TipRanks analysts is for a Strong Buy rating of shares in Peloton Interactive, with an average price target of $112.05.
The analysts price targets range from a high of $138 to a low of $33.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $607.1 million and a net profit of $89.9 million. The company's market cap is $31.97 billion.
According to TipRanks.com, Merrill Lynch analyst Justin Post is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.0% and a 75.08% success rate.
Operates at-home fitness platform for live and on-demand indoor cycling classes