UPDATE: DA Davidson Starts Peloton Interactive (PTON) at Neutral

(updated to add analyst comment)

DA Davidson analyst Michael Milton Y. Kawamoto initiates coverage on Peloton Interactive (OTCBB: PTON) with a Neutral rating.

The analyst comments "Digital fitness leader shows impressive topline growth, but market saturation and the path to scaling remain questions; initiating at NEUTRAL. Peloton has shown impressive growth over the past few years, leveraging its team of world-class trainers to create a compelling platform for exercise enthusiasts. With that being said, recent investments across the company, combined with a very robust marketing spend, will mean that profitability will be muted for at least the next few years. While valuation is actually more agreeable than anticipated on forward estimates, it is still fairly robust, and we will wait for a better entry point."

For an analyst ratings summary and ratings history on Peloton Interactive click here. For more ratings news on Peloton Interactive click here.

Shares of Peloton Interactive closed at $0.80 yesterday.

You May Also Be Interested In

• Freedom Broker Starts Copart (CPRT) at Buy
• DA Davidson Downgrades Open Lending (LPRO) to Neutral
• McCormick & Company (MKC) PT Lowered to $60 at TD Cowen