Peloton shares crashed more than 34% to $56 on Friday after the at-home fitness player warned about slowing demand for its trademark bike and inefficiencies in its business.
One analyst is staying upbeat on the shares, despite the report being the second straight poor showing for the company.
“While we are a bit cautious of this new guide after the last one, and will be watching demand, churn, costs, and liquidity closely, we think tonight’s share price is not reflective of what Peloton…
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