Peloton Interactive Inc. (NASDAQ: PTON), a provider of interactive fitness products is heading toward the new era of growth. The Goldman Sachs has uplifted the price target of Peloton Interactive from $84 to $96 on Wednesday, moving its shares to the record high-level and maintained a buy on Peloton.
Heath Terry said that he believed that the fitness maker will beat the estimate of analysts and add new subscribers in Q4. Heath Terry forecasted that the Peloton will add 208,000 new subscribers while the Street is estimating that Peloton will add 199,000 new subscribers.
Peloton Interactive Inc (NASDAQ: PTON) share price went from a low point around $17.70 to briefly over $77.46 in the past 52 weeks, though shares have since pulled back to $76.67. Peloton has gained +0.71 in the trading session on Monday. Peloton Interactive has traded up 33.16% from its 52-weeks low and traded down -1.01% from its 52-weeks high.
Peloton has seen a sharp increase in the demands of its fitness services and products as customers now preferred to stay at home amid the COVID-19 pandemic. Peloton has made the addition of 176,600 paying subscribers in the Q3, representing the 64% YOY growth of the Company.
Looking at its profitability, its return on investment (ROA) is 37.60%. Its Gross Margin is 44.90%. Moving towards its sales it has reported the sales of 1.44 billion. It had a trading volume of 15.74 million as compared to the average volume of roughly 7.64 million. Turing our focus on its liquidity, it has a current ratio of 3.30. Likewise, its quick ratio is 3.00. Peloton Interactive market capitalization has gained high, hitting $20.10 billion.
Peloton Interactive, Inc. (PTON) was in 50 hedge funds’ portfolios at the end of June. The all-time high for these statistics is 48. The analyst also expected that the revenue will be $630.2 million in the QR of PTON. While Terry believes the revenue of PTON reaches $3.65 billion, $4.34 billion, and $6.03 billion over the next three FY respectively.