Peloton (PTON) is likely to deliver an upside to fiscal 2026 EBITDA expectations, driven by top line growth and cost cutting initiatives, UBS said in a note Wednesday.
The report also pointed revenue growth thanks to price increases in subscription business and measured churn increase.
UBS analysts said Peloton could guide its fiscal 2026 EBITDA closer to the $400 million to $450 million range, which would be "nicely" above Street estimates of $358 million.
The report also pointed to improvement in underlying data and favorable risk/reward and undemanding valuation.
UBS upgraded the stock to buy from neutral and raised its price target to $11.00 from $7.50.
Price: 7.17, Change: +0.99, Percent Change: +16.05
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