Peloton is an American exercise equipment and media company that was founded in 2012 and launched with help from a Kickstarter funding campaign in 2013. The company is based in New York, New York. Its main product is a stationary bicycle that allows users to remotely participate in spinning classes that are streamed from the company’s fitness studio and are paid for through a monthly subscription service.
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Peloton Interactive, Inc. Details
Operating Status:Active
Business TypePublic
HeadquartersNew York City, New York, United States
Founded Date Feb 1st, 2012
Organization CEO John Foley
FoundersGraham Stanton, Hisao Kushi, John Foley, Tom Cortese, Yony Feng
While Goldman Sachs is neutral on Peloton shares, KeyBanc Capital Markets analyst Edward Yruma raised his price target for the shares in anticipation of imminent bullish price moves.
Following the announcement of Apple Fitness+, Peloton shares fell but managed to recover. Nevertheless, PTON fell over 6% in the last five days despite climbing more than 200% in 2020.
At the moment, Peloton has not made an official announcement regarding the launch. However, one of the sources added that the company may announce the launch before the 10th of September.
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