Peloton Interactive Stock News

Peloton stock soars as it reduces financial risks by improving profits and cash flow.

Peloton Interactive (PTON) stock price is firing on all cylinders after the highly-embattled company published modest results and pivoted towards profitability instead of growth as it did in the past. It made an up-gap and rose to the important resistance point at $5, its highest swing since March 14.

Peloton produced slight revenue growth and cut its losses in the fourth quarter. However, revenue is expected to decline in fiscal 2025 as the company sells less equipment and suffers subscriber declines.

Peloton reported quarterly earnings this week. The stock rose because of improving net losses and a potential short squeeze.

Shares of Peloton Interactive Inc. followed a record rally with another gain on Friday, but one J.P. Morgan analyst recommended investors stop buying because although quarterly results were encouraging, the outlook remains too uncertain.

Analysts at Bank of America have repeated their ‘Underperform' rating on exercise equipment company Peloton Interactive Inc (NASDAQ:PTON) as they wait for subscriber growth to inflect, despite it reporting a quarterly earnings beat.  Peloton shares surged on Thursday after the company, known primarily for its stationary exercise bikes, reported fiscal fourth quarter earnings above estimates.

In a shareholder letter released Thursday, Peloton outlined its ongoing strategy to regain its financial footing. It highlights the implementation of a new one-time “used equipment fee” of $95 USD / $126 CAD.

In one of the biggest daily gains in 2024, Peloton (NASDAQ: PTON) stock added 35% to its value in a single trading session after the company announced surprise quarterly revenue growth for Q4.