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/PTON
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Peloton Interactive Inc

Peloton Interactive Inc

PTON
$6.12USD↓-2.70%-0.17 today

MARKET CAP

2.6B

P/E (TTM)

122.4x

FWD P/E

17.4x

DAY RANGE

$6 – $6

52W RANGE

$4
$9

AI Summary

Stalk
StalkMedium

PTON is in a Stage 2 advancing trend anchored by a Momentum Breakout above prior resistance and supported by higher highs and higher lows on rising EMAs. Price has extended above short-term EMAs and moved into overbought territory on RSI and Options Score, signaling near-term exhaustion risk. Medium-term bias remains bullish, but we will stalk pullbacks into the rising 9/21 EMA support zone before initiating exposure under our Growth at Reasonable Price strategy.

  • ↑Q3 revenue reached $631M (+2% YoY), beating guidance by $6M.
  • ↑Free cash flow grew to $151M (+59% YoY); net debt cut 70% to $173M.
  • ↓Book-to-price at −1.20 signals stock may be overpriced.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Peloton Interactive, Inc. (NASDAQ: PTON) is a leading digital fitness platform specializing in connected fitness equipment and subscription-based on-demand classes. Positioned to dominate the evolving landscape of the $7 trillion global wellness economy, Peloton is transitioning from a strictly connected fitness company to a holistic wellness provider. The integration of cardio, strength training, mental wellness, and nutrition highlights its commitment to enhancing overall member health outcomes.

Bull says

  • ↑Q3 revenue reached $631M (+2% YoY), beating guidance by $6M.
  • ↑Free cash flow grew to $151M (+59% YoY); net debt cut 70% to $173M.
  • ↑Subscription churn improved to 1.2%, indicating strong retention.
  • ↑Shift to comprehensive wellness drives new content and services.
  • ↑Spotify partnership adds 1,400+ licensed classes for high-margin revenue.
  • ↑Robust liquidity and manageable leverage support further expansion.

Bear says

  • ↓Book-to-price at −1.20 signals stock may be overpriced.
  • ↓Volatility score of 4.11 points to significant share price fluctuations.
  • ↓Connected fitness market forecast to decline high single digits.
  • ↓Opportunistic promotions weighed on gross margin versus guidance.
  • ↓Negative dividend yield deters income-oriented investors.
  • ↓Low quality score hints at balance sheet and sustainability issues.

Investment themes with PTON

Recent IPOs↓ -0.74%

Companies that recently went public

SNOW · PLTR · PTON
eTailing↑ +0.56%

Online retail and e-commerce platforms

FIGS · LQDT · CVNA

Earnings Call · Q3 2026 · Mgmt. Guidance

Updated 05-10-2026neutral

Transcript signals

Bull points

  • Our Q3 results are proof that the strategy of evolving Peloton from a connected fitness company to a connected wellness company is delivering results.
  • We expect to bring hundreds more classes to Spotify Premium subscribers each month.
  • In Q3, we delivered another quarter of standout growth in our commercial business unit, as revenue increased 14% year over year.

Bear points

  • While we won't see that likely sustain in Q4 based on our implied guidance for the quarter, I think we're now in a stage where hopefully we'll see some steps forward and some steps back as we as we right the ship.
  • our Q4 expectations reflect that our path to sustained year-over-year revenue growth will not be linear,
  • our Q4 expectations reflect that our path to sustained year-over-year revenue growth will not be linear,
Read full transcript analysis ›