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So What's Up With Peloton Stock Today?

Peloton Interactive Inc (NASDAQ: PTON) shares are trading higher by 5.65% at $88.5  after the company reported better-than-expected third-quarter earnings results.

05/07/2021 09:11

Peloton Interactive Inc (NASDAQ:PTON) shares are trading higher by 5.65% at $88.5  after the company reported better-than-expected third-quarter earnings results.

Peloton reported quarterly losses of 3 cents per share, which beat the analyst consensus estimate of a loss of 12 cents per share. Peloton also reported quarterly sales of $1.13 billion, which beat the analyst consensus estimate of $1.11 billion.

See Also: Peloton Lowers FY21 Revenue Guidance Marginally To Reflect Treadmill Recall Impact

Following the earnings results, Telsey Advisory Group maintains Peloton Interactive with an Outperform and lowers the price target from $150 to $120.

Peloton provides interactive fitness products in North America and internationally. It offers connected fitness products, which include a touchscreen that streams live and on-demand classes.