Peloton shares rose 4% after-hours as Goldman Sachs upgraded to 'Buy' with a $11.50 target, praising Q4 results, cost cuts, and growth plans. Revenue fell 6% but beat forecasts, with higher margins and lower expenses. CEO Peter Stern eyes a pivot from hardware to personalised wellness services. PTON is down ~96% from its 2021 peak.
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01:13 pm on
08 Aug