|Bid||72.39 x 800|
|Ask||72.36 x 800|
|Day's Range||69.10 - 72.71|
|52 Week Range||17.70 - 72.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Peloton (PTON) fiscal fourth-quarter results are likely to reflect increase in demand for the company's Connected Fitness Products and Subscription services.
As the coronavirus pandemic is creating increasing uncertainty around the world, Peloton (NASDAQ: PTON) is experiencing a surge in orders as states across the U.S. issued stay-at-home mandates. Thousands of gyms had to close their doors, forcing people to find other options for their workouts. Enter Peloton with its connected fitness products that were catching on even before the pandemic -- and accelerated during the outbreak.
Companies that are benefiting from folks spending more time at home are good. Companies that offer a better experience than the real-world process they're replacing are great.
The financial services company Robinhood publishes a running list of the 100 most popularly held stocks among users of its stock-trading app. Here are two highly rated (at least among analysts) Robinhood stocks that look poised to beat the market. The first pick is Moderna (NASDAQ: MRNA), a biotech company at the forefront of COVID-19 vaccine development.
Measures to combat COVID-19 have sent demand for at-home health and fitness services skyrocketing. Here are the best stocks in the sector to choose from.
When Lululemon (NASDAQ: LULU) announced it was acquiring Mirror, the virtual workout start-up, some investors might have been reminded of Under Armour's (NYSE: UAA) (NYSE: UA) attempt to expand into the connected fitness space. Given Under Armour's recent struggles, it's difficult to remember that the company used to report massive revenue growth. The company seemed to be a perfect fit to integrate fitness apps, data collection, and fitness gear -- but its fortunes faded as management invested time and resources into a business it didn't seem to understand.
The tech bubble is very much in effect, but it's not in the big names, according to Andrew Slimmon, a managing director and senior portfolio manager at Morgan Stanley.
(Bloomberg) -- Talkdesk Inc., which makes cloud-based customer service software, has raised $143 million in a new funding round that pegs its valuation at more than $3 billion, roughly triple the prior mark.The San Francisco-based startup received backing from new investors including Franklin Templeton, Dan Och’s family office Willoughby Capital, Australian investment firm Skip Capital, Mitchell Green’s Lead Edge Capital and Top Tier Capital Partners LLC. Prior backers including Connecticut-based hedge fund Viking Global Investors and Threshold Ventures also participated in the funding.“The goal is to keep investing in research and development, and to continue expanding our Fortune 1000 customer base,” Chief Executive Officer Tiago Paiva said in an interview. No new investors are joining the board, he said.Talkdesk is experiencing rapid growth, with revenue for the quarter ended April 30 doubling from a year earlier, Paiva said. He expects the company’s revenue growth over the three months through July 31 to be similarly robust.An initial public offering is “perhaps in the cards in the near future,” Paiva said, declining to provide any indication on timing.The company has more than 1,800 customers including online education technology provider 2U Inc., travel site Trivago NV and Peloton Interactive Inc. Some have become more heavily reliant on Talkdesk in recent months due to an increase in customer queries as people began working from home. Read more: Customer service software startup Talkdesk hits unicorn statusTalkdesk, which has about 1,100 employees, is “aggressively hiring,” Paiva said, adding that it has not laid off or furloughed staff during the pandemic.“Talkdesk’s market potential is large, and its business model is promising,” Jonathan Curtis, a portfolio manager at Franklin Templeton’s Franklin Equity Group, said in a statement.Willoughby Capital President Morgan Rutman said the company’s customer service offerings are “mission-critical” across various industries as they navigate the global health crisis.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares of Peloton Interactive (NASDAQ: PTON) jumped 10% in morning trading Monday after Goldman Sachs (NYSE: GS) aggressively increased its price target to $84 per share from its previous target of $64. Peloton closed out last week at $58.53 per share. The COVID-19 pandemic has caused an outsize increase in demand for personal at-home fitness gear and classes, and Goldman believes Peloton will benefit from the "sustained" nature of the growth.
Boutique gym CITYROW is launching version 2 of the at-home 'WaterRower', as gyms around the country continue to stay closed amid the coronavirus pandemic. Yahoo Finance's Brian Sozzi and Alexis Christoforous speak with CITYROW Founder Helaine Knapp about the launch and how the company has pivoted amid COVID-19.
While some "stay at home" stocks begin leveling off, Peloton keeps growing thanks to shifting consumer preferences and a bumpy coronavirus reopening.
A look at the shareholders of Peloton Interactive, Inc. (NASDAQ:PTON) can tell us which group is most powerful...
The ongoing coronavirus pandemic has forced investors to reassess their investment philosophies. A big beneficiary is Peloton Interactive (NASDAQ: PTON), whose 2.6 million members helped generate sales of $525 million in the quarter ended March 31, 2020, representing 66% growth year over year. Let's dive into how investors should interpret this.
There's encouraging vaccine news these days, but your portfolio better be ready for another potential spike in COVID-19 cases.
A new at-home boxing platform, Liteboxer, launched today. Liteboxer co-founder Todd Dagres joins Yahoo Finance’s Brian Sozzi and Alexis Christoforous to discuss the platform and the at-home workout space.
Peloton Interactive (NASDAQ: PTON) has been cycling higher on bets the home fitness trend that surged during the coronavirus pandemic will live on well beyond the crisis, but what really got the connected exercise equipment maker moving last week was news that new, lower-cost fitness equipment is on the horizon. Although it has been rumored for months that Peloton may introduce some cheaper workout gear that doesn't require taking out a second mortgage on your house to purchase, CFO Jill Woodworth has given the clearest indication yet that a new lower-cost product is coming. A Peloton connected stationary bike costs $2,245, while a connected treadmill goes for just under $4,300.
In the vein of increasingly popular at-home connected fitness machines like Peloton, Mirror, and Hydrow, boxing fans now have an option when it comes to getting a good workout in at home. Cofounded by Jeff Morin (CEO) and Todd Dagres (Chairman), Liteboxer is launching today with a platform that was built from the ground up to give users the chance to get an exciting boxing workout at home. Dagres, cofounder and General Partner at Spark Capital, came up with the idea for Liteboxer after falling in love with boxing with a trainer in a gym.
FedEx (NYSE: FDX), Lululemon (NASDAQ: LULU), and Intel (NASDAQ: INTC) are all quietly making moves that set them up nicely for the future. Interestingly, FedEx and Lululemon have been able to adapt to COVID-19 realities and increase business, while Intel works behind the scenes to deliver advanced technology today. In 2019, FedEx cut ties with Amazon (NASDAQ: AMZN), causing many on Wall Street to shake their heads.
Shares of Peloton Interactive (NASDAQ: PTON) jumped 6.2% on Friday after its chief financial officer hinted that the home-based fitness equipment maker could soon debut a lower-cost version of its popular treadmill. During Barron's Investing in Tech conference call on Wednesday, Peloton CFO Jill Woodworth said the company was considering a lower-priced treadmill as its next product offering. Investors' excitement over a potential new treadmill product launch drove Peloton's stock higher on Friday.
Rumors of cheaper home fitness equipment from Peloton Interactive (NASDAQ: PTON) have gotten more of a workout from analysts than consumers working up a sweat on one of its pricey stationary bikes, but CFO Jill Woodworth says lower-cost equipment might finally be on the drawing board. Despite the cost of its bikes and treadmills, Peloton is still seeing strong consumer demand for them.