Citi Cuts Peloton (PTON) PT to $8.25, Lowers Subscriber Forecast Following Rise in Customer Turnover

Peloton Interactive Inc. (NASDAQ:PTON) is one of the most promising stocks with huge upside potential. On November 20, Citi analyst Ronald Josey cut the price target on Peloton to $8.25 from $9.50 while keeping a Neutral rating on the shares after the company posted its FQ1 2026 earnings report. The firm also lowered its full-year subscriber forecast for Peloton by 3% due to a rise in customer turnover. Peloton’s total revenue for FQ1 reached $551 million, comprising $152 million from Connected Fitness pr ...