Why Apple Won’t Acquire Peloton
Peloton’s subpar technology and inability to follow consumers wherever they go make the connected fitness leader an unattractive acquisition candidate for Apple, according to Needham analyst Laura Martin.
Is Mirror the Next Peloton? Not so Fast
Lululemon thinks it found the next Peloton, expanding into fitness technology with its $500 million acquisition of Mirror, an at-home fitness subscription company.
Peloton is Not a Fad, Holiday-like Demand to Continue for Several Quarters: Analyst
Peloton is capitalizing on the confluence of shifting consumer behavior, gym closures, and social distancing, and could see holiday-like demand for several quarters, according to Stifel analyst Scott Devitt. The firm raised its price target for Peloton shares to $62 (from $55) and reiterated its BUY rating late Sunday night.