Peloton Stock Spins Higher On Q1 Earnings Beat

Core Insights - Peloton Interactive, Inc. reported better-than-expected Q1 results, leading to a rise in its stock price [1] Q1 Results - The company reported quarterly earnings of $0.03 per share, surpassing the consensus estimate of $0.01 [2] - Quarterly revenue reached $550.8 million, exceeding the Street estimate of $539.81 million [2] Fiscal Guidance - Peloton raised its fiscal 2026 revenue guidance to a range of $2.49 billion to $2.5 billion, above the analyst estimate of $2.45 billion [3] - CEO Peter Stern emphasized the company's disciplined execution leading up to new product launches [3] Analyst Insights - JPMorgan analyst Doug Anmuth noted Peloton's successful cost-cutting measures and operational efficiencies, predicting a return to growth in the second half of the year [4] - JPMorgan maintained a Neutral rating with a price target of $9, acknowledging industry challenges [5] - Truist Securities analyst Youssef Squali maintained a Buy rating and raised the price target from $11 to $12 [6] - Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a $9 price target [6] Stock Performance - Peloton shares increased by 9.31% to $7.33 on Friday afternoon [5]