Peloton Interactive Inc PTON shares are trading higher on Monday after analysts at Goldman Sachs raised their price target on the stock from $66 to $84.
Peloton operates an interactive fitness platform. It operates its business in three reportable segments: Connected Fitness Products, subscription, and other. Connected Fitness Product revenue consists of sales of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements.
Subscription revenue consists of revenue generated from monthly Connected Fitness Subscription and Digital Subscription. Other revenue primarily consists of Peloton branded apparel.
Peloton shares were trading up 9.31% at $63.98 at the time of publication on Monday. The stock has a 52-week high of $69.73 and a 52-week low of $17.70.
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Analysts Favor Peloton As Stay-At-Home Customers Take To Home Workouts
Peloton Reports Mixed Q3 Earnings, Fitness Subscribers Up 94%
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