Peloton (PTON, $64.42) gets price target boost from Goldman Sachs
Peloton got a price target hike from Goldman Sachs analysts.
Goldman raised price target on the shares of the home-workout-technology company to a Wall-Street-high $84 per share (from $66 per share)., while re-affirming its buy rating.
Goldman cited sustained demand and above-average delivery wait times led to connected-subscriber growth surpassing Goldman's prior guidance estimates.
Peloton is increasing the consumer value proposition for both Peloton products and the broader digital ecosystem, according to Goldman.
The investment firm now predicts Peloton's revenue to rise +13.5% per year between 2020 and 2022. It expects the company’s adjusted gross profits to surge +13.2% annually over the same time period.
Accoridng to Tickeron, PTON's in Downtrend: Moving Average Convergence Divergence (MACD) Histogram just turned negative
This is a Bearish indicator signaling PTON's price could decline. Traders may explore shorting the ticker or looking at put options. In 6 of 7 cases where PTON's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 86%.
Throughout the month of 06/16/20 - 07/17/20, the price experienced a +17% Uptrend, while the week of 07/10/20 - 07/17/20 shows a -15% Downtrend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 3 of 4 cases where PTON's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 75%.
The Momentum Indicator moved below the 0 level on July 17, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 9 of 12 cases where PTON's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 75%.
Following a 3-day Decline, the ticker is projected to fall further. Considering data from situations where PTON declined for three days, in 26 of 38 cases, the price rose further within the following month. The odds of a continued Downtrend are 68%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 5 of 6 cases where PTON's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 83%.
Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone -- be on the watch for PTON's price rising or consolidating in the future. At that time, consider buying the ticker or exploring call options.
The Aroon Indicator entered an Uptrend today. In 43 of 47 similar 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%.
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 82%. During the last month, the daily ratio of advancing to declining volumes was 2.91 to 1.
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 80, placing this stock worse than average.
The Tickeron SMR rating for this company is 99 (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 Valuation Rating of 68 (best 1 - 100 worst) indicates that the company is slightly 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 (10.88) is normal, around the industry mean (3.85). P/E Ratio (0.00) is within average values for comparable stocks, (127.20). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (1.25). Dividend Yield (0.00) settles around the average of (0.62) among similar stocks. P/S Ratio (5.17) is also within normal values, averaging (11.21).
The Tickeron Price Growth Rating for this company is 37 (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.
