Peloton sees continued momentum post-Covid
The share price jumped by $10 to $157.53 in February ahead of the Peloton earnings release on February 4. Peloton reported strong demand for the second quarter of its financial year ended December 31.
Peloton stock forecast: where do analysts see the share price in 2021?
PTON stock technical analysis shows that there is short-term resistance at $167 per share and support at $144 per share. The short-term price trend is neutral while the longer-term trend is bullish, according to data from Market Screener.
Is Peloton expanding?
In addition to expanding via these strategic acquisitions, Peloton is expanding its footprint. Shares of Peloton jumped on March 9 as the fitness platform announced plans to launch in Australia. The move, which is expected in the second half of 2021, would be the company's first expansion to the Asia-Pacific region.
When will Peloton start production?
The factory is expected to start production by 2023. Peloton investors weren't overly excited about the news, with Peloton stock edging lower after the announcement.
Is Peloton in-app?
Peloton Launches In-App Video Game. Peloton is preparing to debut an in-app video game called Lanebreak. The company announced it's in the early stages of developing a rider experience that "sits at the intersection of gaming and fitness," according to a July 19 press release.
What is the Peloton game called?
Peloton is preparing to debut an in-app video game called Lanebreak. The company announced it's in the early stages of developing a rider experience that "sits at the intersection of gaming and fitness," according to a July 19 press release.
Where is the Peloton factory?
Peloton announced on May 24 it's investing $400 million into its first U.S. factory to assuage supply chain issues. Construction on the Troy, Ohio, facility — which has been dubbed the Peloton Output Park — will begin this summer. The factory is expected to start production by 2023.
How much did Peloton lose in Q3?
Peloton easily crushed Q3 earnings estimates on May 6, but trimmed its fiscal year guidance amid the treadmill recall. The exercise equipment maker posted a loss of 3 cents per share on revenue of $1.26 billion. Analysts expected a loss of 11 cents per share on revenue of $1.1 billion.
What company did Peloton buy?
PTON stock soared more than 12% on Dec. 22 after Peloton announced the acquisition of fitness equipment maker Precor. The $420 million deal will bolster Peloton's manufacturing capabilities and will accelerate production and delivery windows for its popular workout machines.
