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PELOTON INTERACTIVE INCPELOTON INTERACTIVE INCPELOTON INTERACTIVE INC

PELOTON INTERACTIVE INC

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PTON trade ideas

$PTON Peloton the $TSLA of Fitness. Having listened to the earnings call, the company has problems but great problems, meeting demand. New products have been delayed so as to try meet the current demand the company goes into profitability with $$$ in the bank. Our chart looks very bullish but it is reasonable to believe that a measured move takes us to $60 50% short interest can push it there, very fast. Earnings Highlights Peloton Interactive (NASDAQ:PTON) reports 866K connected fitness subscribers in FQ3 vs. 857K consensus estimate. Churn was 0.46% during the quarter (lowest level in four years) and the 12-month retention rate was 93%. Subscription revenue was $98.2M, representing 92% year-over-year growth and 19% of total revenue. The increase in subscription revenue was a result of strong growth in the connected fitness subscriber base. Gross margin was 46.8% vs. 43.9% consensus. Adjusted EBITDA for the period was $23.5M vs. the guidance range of -$35M to -$25M. Looking ahead, Peloton sees FQ4 revenue of $500M to $520M vs. $381M consensus and FQ4 EBITDA of $55M to $65M vs. -$25M consensus. Peloton expects over 1M full-year connected fitness subscribers. Upgrade In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on Peloton Interactive (PTON), with a price target of $46.00. The company’s shares closed last Wednesday at $38.03, close to its 52-week high of $39.26.
NASDAQ:PTONLong
by Bullishcharts
1
With 24 Hour Fitness on the brink of Bankruptcy - PTON is a buyAs a result of COVID-19, gyms across the country have been forced to close. The effect of these closures are now being felt by 24 hour fitness, the nations second largest fitness chain. Reportedly, the company hired Lazard investment bank and Weil, Gotshal & manges law firm. As of March 16, the company held more than $1.3 billion in debt with less than $1 million in cash. While sources debate the gym may not ultimately file for bankruptcy, it begs the question of how the fitness industry will look after the virus passes. Americans, who once considered the gym part of their daily routine, have had to find alternative ways to stay active, while simultaneously savings $ on monthly gym dues. Although PTON comes with a hefty price tag, Americans are taking advantage of low interest barring credit cards and jumping aboard the peleton train. Additionally, its recent stock performance is indicating that the future of exercising may be from the comfort of your home.
NASDAQ:PTONLong
by phizzurrp
1
ridethepig | Bullish On Home Fitness ... Pelaton At The Lows!We can start to look for single stock opportunities as behavioural economics changes as a result of the Coronavirus impact. We are talking about a dramatic loss in confidence, global OCD patient numbers are ticking higher which btw itself from time-to-time be a very useful indicator. We are talking about an outbreak which has triggered volatility across the board and home enablers will benefit. Would it not be opportune to direct our focus towards a new sector? How to do that will be seen in the following months in the stages of transfer. As the main background to the theme, VIX now reaches the final stages in the move towards 85 it's time to start looking for value areas in PTON: We are starting to reach the initial targets in SPX and DAX selloffs which implies there will be some profit taking from sellers despite the fact we are entering into a recession: DAX SPX Other opps... GILD will continue doing the heavy lifting on Remdesivir (GS-5734) side, this is their free pass into the Chinese Healthcare system. Models will need to start quickly repricing revenue from the Hep B cases in China. GILD will do the heavy lifting here, +/- $20 upside available on the headline for FDA approval which looks around the corner. Flow-wise, the initial target area from the latest technical break comes into play at 86. xx (+25% from current levels). Highlights on the ownership front going to usual suspects in here, Morgan Stanley, Soros, Blackrock, Eminence and Fidelity. This is another known position, it's going to be decided in the next few days. Thanks as usual for keeping the likes and comments rolling.
NASDAQ:PTONLong
by ridethepig
24
PTON will Eat the ApplePTON meets competition in a time of struggle. Apple is working on an app with fitness videos, codenamed Project Seymour. Elite fitness instructor Jay Blahnik is running the project internally, according to a person familiar. The guided workouts range from cycling to yoga. The bullish narrative is PTON will be benefiting from the stay at home trend and the recent shut downs of gyms and other institutions on a global scale. BUT With a potential recession on the horizon, selling $2k bikes with a $39 a month subscription might not be the best business model. CNBC www.cnbc.com Citron Research "report" citronresearch.com 'CR' Price Target 5$
NASDAQ:PTONShort
by Charlestrad3r
Elliott Wave View: Peloton ($PTON) The Next Leg UpPeloton ($PTON) had a very nice run before topping December 2019, and could be ready for the next leg up. The caveat with analyzing companies that have recently gone public is there is not much history to analyze. However, the structure that Peloton has produced since hitting the all time lows suggests the next bull run could be in the early stages of development and could provide an opportunity to get long. Elliott Wave Overview: Peloton set all time lows on Oct 23/19 at 24.06 and from there has developed a bullish sequence. Wave ((1)) topped at 26.50 and ((2)) bottomed at 22.25. From there wave ((3)) topped at 32.01 and (4) bottomed at 27.75. Wave ((5)) of Red I topped at 37.02 on December 2/2019. Peloton then corrected that cycle up in the form a Double Zig Zag where ((W)) bottomed at 25.67 on December 27/19, ((X)) topped at 34.60 on Feb 4/20 and ((Y)) of Red II bottomed at 24.52 on February 24/20. An Equal legs extreme area measured from ((W))-((X)) where buyers could enter for a bounce was not hit, and instead buyers came in prior to the extreme area. As long as price action is above the 24.52 lows, the 1h is turning up and dips in 3, 7, and 11 waves should continue to be bought. Should price fall below the recent low of 24.52 then Red II would be seen as extending down and the equal legs blue box should provide an area where buyers can enter. In the near term, Peloton is working on breaking out into a Blue (3) of ((1)) with a 161.8% extension target of 35.28 where a pullback for wave blue (4) should take place before heading to wave blue (5) of ((1)).
NASDAQ:PTON
by EWFRobb
2