Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Peloton Interactive (PTON – Research Report) and DraftKings (DKNG – Research Report).
Peloton Interactive (PTON)
Bank of America Securities analyst Curtis Nagle maintained a Sell rating on Peloton Interactive today and set a price target of $4.60. The company’s shares closed last Friday at $5.80, close to its 52-week low of $4.28.
According to TipRanks.com, Nagle is a 3-star analyst with an average return of
Peloton Interactive has an analyst consensus of Hold, with a price target consensus of $7.51.
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DraftKings (DKNG)
Bank of America Securities analyst Shaun Kelley reiterated a Buy rating on DraftKings today and set a price target of $45.00. The company’s shares closed last Friday at $38.48, close to its 52-week high of $40.00.
According to TipRanks.com, Kelley is a 3-star analyst with an average return of
Currently, the analyst consensus on DraftKings is a Strong Buy with an average price target of $42.38, implying a 9.1% upside from current levels. In a report issued on January 19, Stifel Nicolaus also upgraded the stock to Buy with a $45.00 price target.
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Read More on PTON:
- Peloton price target raised to $6.50 from $6 at Goldman Sachs
- Peloton Interactive, Inc. Announces Second Quarter Fiscal 2024 Earnings Release Date, Conference Call, and Webcast
- Peloton Interactive call volume above normal and directionally bullish
- Peloton pact with TikTok should bring return to growth, says Citi
- Unusually active option classes on open January 5th
