Hello, Thanks for signing up for MarketBeat Daily Ratings—we’re excited to have you on board. Every weekday, you’ll get a curated summary of new “Buy” and “Sell” ratings from Wall Street’s top-rated analysts, the latest stock news, and bonus investing content—all delivered straight to your inbox. You’re just two quick steps away from completing your sign-up: 1. Make sure our emails go to your inboxGmail users:
Mobile: Tap the three dots (…) in the top right and select Move to Inbox or Move to Primary
Desktop: Click the folder icon at the top and select Move to Inbox or Primary Apple Mail users:
Tap our email address at the top (next to From: on mobile), then select Add to VIP Other providers:
Reply to this message and add newsletters@analystratings.net to your contacts 2. Confirm your subscriptionClick this link to confirm your subscription. This verifies your account and ensures you receive your newsletters without interruption instead of getting stuck in your spam filter. Confirm your subscription here. After you confirm, feel free to download our popular free report, "7 Stocks to Buy and Hold Forever" with this link. Thanks again for subscribing—we look forward to being part of your investing journey. 
Matthew Paulson
Founder and CEO, MarketBeat. P.S. If you didn’t mean to subscribe, no problem—you can unsubscribe here.
Special Report
Peloton Stock Is Rallying, But Can It Deliver Another 70% Upside?Author: Jennifer Ryan Woods. Published: 4/18/2026. 
Key Points
- Peloton shares have already jumped more than 30% over the past month, and based on analyst estimates, the stock could climb another 70% over the next year.
- The company’s latest quarter showed continued pressure, with revenue of about $657 million missing estimates and falling nearly 3% YOY, while subscribers declined roughly 7%.
- Despite revenue and subscriber challenges, Peloton trades at a discount, with a price-to-sales ratio of 0.83, well below the leisure industry and broader consumer discretionary sector.
- Special Report: The Biggest IPO Ever: Claim Your Stake Today
Peloton Interactive Inc. (NASDAQ: PTON) got clobbered post-COVID and has remained in a rut ever since. Recently, however, the fitness-tech company has begun to rally. While challenges remain, if analyst estimates hold, investors could see meaningful upside over the next year. PTON went public in 2019 and unexpectedly benefited from the COVID-19 pandemic in 2020, when people confined to their homes looked for at-home fitness alternatives. With more time at home and a desire to replace gym routines, consumers bought Peloton equipment that combined hardware with a connected workout experience.
For a moment…
Forget about Trump’s ties to Israel.
Forget about reports of Iran’s nuclear program.
Because my research has led me to believe we’re risking World War 3 with Iran for a completely different reason. Click here to find out what it is.
That demand sent the stock soaring. After debuting at $29 per share, it climbed above $170 by January 2021. But the rally didn’t last. As pandemic tailwinds faded, the stock slid back into the $30s by the end of 2021 and continued falling over the next few years, at one point trading below $3. Since April 2021, shares have fallen more than 95%. Peloton is not alone: other pandemic-era winners like Roku Inc. (NASDAQ: ROKU) and Teladoc Health Inc. (NYSE: TDOC), which also benefited from people spending more time at home, saw their shares decline as demand normalized. Stock Rally Sparks Renewed Investor InterestRecently, Peloton shares have regained some momentum. While the stock remains well below its pandemic highs and its 52-week high of roughly $9 reached in the fall, it is up about 30% over the past month. Analyst estimates suggest the shares may have additional room to run. The 12-month consensus price target on PTON is $8.60, based on 14 analyst ratings, implying significant upside from current levels. Three analysts see shares climbing above $10, and none of the price targets issued over the past year project the stock falling below $5. Most analysts rate the stock a Hold (eight), five rate it a Buy, and one rates it a Sell. Sentiment softened after the company’s Q2 2026 earnings report on Feb. 5, which prompted two downgrades and four price-target cuts. Revenue Miss and Subscriber Declines Weighed on ResultsRevenue was a major weak spot for the quarter. Peloton reported roughly $657 million in revenue, down nearly 3% year over year and below analyst estimates of about $675 million. The shortfall was driven largely by weaker-than-expected equipment sales to existing members and longer-than-anticipated delivery times. The company also reported a decline of about 7% in its subscriber base compared with the prior year. The drop in equipment sales led Peloton to lower its full-year revenue outlook by $30 million, implying a year-over-year decline of roughly 3% at the midpoint. On the bottom line, Peloton reported a loss of $0.09 per share, an improvement from a $0.24 loss a year earlier but missing expectations for a $0.07 loss. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was a bright spot: Peloton reported $81 million in adjusted EBITDA, up 39% year over year and at the high end of its guidance range. Gross margins also improved year over year, topping 50% and exceeding expectations. Peloton raised its fiscal year 2026 (FY2026) total gross-margin guidance by 100 basis points to about 53% and increased its adjusted EBITDA outlook by $25 million to a range of $450 million to $500 million. PTON Sinks After Earnings But Rebounds SharplyOn the same day as the earnings release, Peloton also announced that Chief Financial Officer Liz Coddington would be leaving the company the following month. That leadership change, together with softer-than-expected revenue, a decline in paid subscribers, and reduced revenue guidance, triggered a sharp sell-off: shares fell more than 25% after the news. The stock has been volatile since, falling as low as $3.65 in mid-March before rebounding above $5 a month later. Over the last month, Peloton’s roughly 30% jump has outpaced the leisure and recreational products industry, which is up less than 2%. Year to date, however, Peloton is down more than 10%, while the industry is up more than 8%. Current Valuation May Mean Room for UpsideAt its current price, Peloton shares may be undervalued. The stock is trading at a price-to-sales (P/S) ratio of 0.83, suggesting investors are paying less than 1x revenue to own PTON. That is below the leisure and recreation industry P/S of 1.17 and well below the consumer discretionary sector, which trades at a P/S of 3.32. The key question is whether Peloton can execute well enough to justify a higher valuation as it shifts from a primarily fitness-focused business to a broader wellness platform. If Peloton can deliver more consistent revenue growth and sustain margin improvements, it could meet analysts’ expectations and offer meaningful upside for investors. |
