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published in Blogs
Oct 14, 2020

Peloton (PTON, $129.17) gets price target boost from Truist Securities analyst

Peloton Interactive  got price target raise from Truist Securities analyst Youssef Squali.

Squali boosted his share-price target on the exercise-equipment/software company to a Wall Street high $144 from $115. He has a buy rating on the shares.

"Shelter-in-place practices have created the perfect environment for greater adoption of home exercise equipment, and for Peloton (#1 sought-after brand) through a combination of high quality products/service, easy financing, greater brand awareness and a strong logistics platform," Squali wrote in a commentary.

Truist in a survey found that more than half of respondents have canceled their gym memberships or plan to do so. More than half also said that they expected to exercise more at home, even after the coronavirus pandemic ends.

According to Tickeron, 

Momentum Indicator for PTON turns positive, indicating new upward trend

PTON saw its Momentum Indicator move above the 0 level on September 18, 2020. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 16 similar instances where the indicator turned positive. In 15 of the 16 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Current price $129.13 is above $68.47 the highest resistance line found by A.I. Throughout the month of 09/11/20 - 10/13/20, the price experienced a +56% Uptrend. During the week of 10/06/20 - 10/13/20, the stock enjoyed a +18% Uptrend growth.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PTON just turned positive on September 18, 2020. Looking at past instances where PTON's MACD turned positive, the stock continued to rise in 8 of 8 cases over the following month. The odds of a continued upward trend are 90%.

Following a +6.46% 3-day Advance, the price is estimated to grow further. Considering data from situations where PTON advanced for three days, in 65 of 70 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.

The Aroon Indicator entered an Uptrend today. In 66 of 70 cases where PTON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.

PTON broke above its upper Bollinger Band on September 21, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 81%. During the last month, the daily ratio of advancing to declining volumes was 2.86 to 1.

The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. PTON’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 86 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: PTON's P/B Ratio (22.48) is slightly higher than the industry average of (5.29). P/E Ratio (0.00) is within average values for comparable stocks, (98.07). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (2.31). Dividend Yield (0.00) settles around the average of (0.57) among similar stocks. P/S Ratio (10.47) is also within normal values, averaging (7.83).

The Tickeron SMR rating for this company is 87 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PTON’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

Related Ticker: PTON

PTON in +8.05% Uptrend, growing for three consecutive days on February 27, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PTON advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PTON's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where PTON's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PTON just turned positive on February 23, 2024. Looking at past instances where PTON's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

PTON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 27, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PTON as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

PTON moved below its 50-day moving average on January 30, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PTON crossed bearishly below the 50-day moving average on January 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PTON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PTON entered a downward trend on February 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. PTON’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (86.957) is normal, around the industry mean (47.783). P/E Ratio (0.000) is within average values for comparable stocks, (51.786). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.463). Dividend Yield (0.000) settles around the average of (0.064) among similar stocks. P/S Ratio (0.614) is also within normal values, averaging (10.024).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PTON’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

Notable companies

The most notable companies in this group are Harley-Davidson (NYSE:HOG), YETI Holdings (NYSE:YETI), Peloton Interactive (NASDAQ:PTON), MasterCraft Boat Holdings (NASDAQ:MCFT).

Industry description

The Leisure and Recreation Products industry includes companies offering recreational goods/services such as video games, swimming pools, golf courses, boats, outdoor spaces etc. Since these are mainly geared towards consumers, strong employment conditions and healthy incomes generally augur well for the recreational products industry. Some of the largest market caps in this space belong to video game developers (e.g. Activision Blizzard, Electronic Arts and Take-two Interactive), and toy /board game makers (like Hasbro).

Market Cap

The average market capitalization across the Recreational Products Industry is 4.68B. The market cap for tickers in the group ranges from 5.94K to 63.42B. OLCLY holds the highest valuation in this group at 63.42B. The lowest valued company is CLUBQ at 5.94K.

High and low price notable news

The average weekly price growth across all stocks in the Recreational Products Industry was -0%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -11%. DOGZ experienced the highest price growth at 53%, while KENS experienced the biggest fall at -76%.

Volume

The average weekly volume growth across all stocks in the Recreational Products Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was 52% and the average quarterly volume growth was 50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 61
Price Growth Rating: 55
SMR Rating: 68
Profit Risk Rating: 84
Seasonality Score: -43 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an interactive fitness platform, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content and health & wellness apps

Industry RecreationalProducts

Profile
Fundamentals
Details
Industry
N/A
Address
441 Ninth Avenue
Phone
+1 917 671-9198
Employees
2765
Web
https://www.onepeloton.com
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PTON and

Correlation & Price change

A.I.dvisor indicates that over the last year, PTON has been loosely correlated with PII. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if PTON jumps, then PII could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PTON
1D Price
Change %
PTON100%
+2.84%
PII - PTON
44%
Loosely correlated
+1.21%
PRKS - PTON
44%
Loosely correlated
+2.65%
MODG - PTON
44%
Loosely correlated
+1.84%
BC - PTON
41%
Loosely correlated
-0.62%
THO - PTON
41%
Loosely correlated
+0.56%
More
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