Peloton launches a new exercise bike and treadmill

News

Peloton launches a new exercise bike and treadmill

09.09.2020 News

Shares of Peloton Interactive, which rose 184% since the beginning of the year, fell 3.6% over the past three trading days, despite two price target increase from experts of investment companies.

Last week, JP Morgan raised its target price for Peloton shares from $ 58 to $ 105. On Friday, analysts at JMP Securities raised the target price of shares of the fitness company from $ 59 to a new high on Wall Street to $ 109, considering that about 50% of gym visitors in the United States do not return to exercise after quarantine measures that can stimulate Peloton sales.

Peloton earns by selling subscriptions to various online fitness classes, but its biggest source of income – is the sale of simulators for training at home.

According to Bloomberg News, the company intends to release a new treadmill Tread on screen for less than $ 3,000, which will be more accessible than the current offer at the price of over $ 4,000 – a model that will remain as a premium product called Tread +. The new Peloton treadmill will have a cheaper belt configuration than most other treadmills.

Also reported that the company plans to release more expensive stationary bike called Bike +, which probably prompts Peloton to lower the price ($ 2245) on the existing model.

Coronavirus pandemic has dramatically increased demand for Peloton products and services, but also limited the company’s ability to manufacture and supply simulators. Management explained that the company has doubled production, but still lags behind in the implementation of orders.

Other articles

  • Saudi Aramco is preparing to place up to five tranches of dollar Eurobonds
    News

    Saudi Aramco is preparing to place up to five tranches of dollar Eurobonds

    The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]

  • Peloton’s revenue exceeds Wall Street estimates for the fifth consecutive quarter
    News

    Peloton’s revenue exceeds Wall Street estimates for the fifth consecutive quarter

    Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]

  • JP Morgan’s net profit for the nine months fell by 39%
    News

    JP Morgan’s net profit for the nine months fell by 39%

    The net profit of one of the world’s largest investment banks JP Morgan Chase (USA) in January-September 2020 decreased by 39% compared to the same period last year and amounted to 16.995 billion dollars, according to the report of the investment bank. Adjusted earnings per share were $ 5.09 against $ 8.15 a year earlier. […]

  • JP Morgan can pay a record fine for the market manipulation
    News

    JP Morgan can pay a record fine for the market manipulation

    American JP Morgan Chase & Co. could pay the fine of nearly $ 1 billion in the connection with the US government’s investigation into the bank’s operations, reported Bloomberg. “JP Morgan Chase & Co. is preparing to pay nearly $ 1 billion due to the US government’s investigation of the market manipulations related to its […]

Read also

Peloton launches a new exercise bike and treadmill
News

Disney will close the animated studio Blue Sky Studios

The American corporation The Walt Disney Company has announced the forthcoming closure of the animated studio Blue Sky Studios, which has created a number of world-famous cartoons. Bloomberg announced this on Tuesday, February 9, citing a company statement. “Given the current economic situation, after much deliberation and evaluation, we have made a difficult decision to […]

Next
Peloton launches a new exercise bike and treadmill
News

CISOLAR 2019 submit new opportunities for developing solar energy in Central and Eastern Europe

On April, 16-18 in Kyiv will be held the main business event of region in solar energy field devoted to latest technology, trends and investments opportunities – CISOLAR 2019, 8th International Solar Energy Conference and Trade Show of Central and Eastern Europe. Today solar energy development is one of priority areas for investors in the […]

Next
Peloton launches a new exercise bike and treadmill
News

Peloton’s revenue exceeds Wall Street estimates for the fifth consecutive quarter

Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]

Next
Peloton launches a new exercise bike and treadmill
News

AMC instituted a proceeding against the “Ukrtatanafta”

The Antimonopoly Committee of Ukraine (ACU) instituted a proceeding against JSC “Ukrtatnafta” for submitting the committee with incomplete information. As the press service of the AMC said, the committee is investigating part of case instituted on the grounds of violations of the legislation on the Protection of Economic Competition by the companies  “Ukrtatnafta” JSC, “SPC-Galicia”, […]

Next
Peloton launches a new exercise bike and treadmill
News

The major producer of pig meat will build a station for biogas production in Ivano-Frankivsk region

The agricultural enterprise “Danosha” (Kalushskyi  district) intends to build a station for the biogas production in the village Tustan Galichskyi district, Ivano-Frankivsk region till 2017. It was said by the CEO Christian Jacobsen to the reporters. The plant capacity is 1 megawatt. It will use the raw materials of organic waste of animals and herbage. The installation […]

Next
Peloton launches a new exercise bike and treadmill
News

Tesla is recalling 50,000 vehicles

Tesla is recalling about 50,000 Model S and Model X cars manufactured in the United States in different years and imported to China due to the identified suspension problems. This was reported on its website by the Chinese State Administration of Market Regulation. According to the statement of the Chinese regulator, almost 30 thousand Model […]

Next
Peloton launches a new exercise bike and treadmill
News

Shares of Volkswagen get down on 40%

Nordea, the €190bn (£135.6bn) Scandinavian fund manager, has become the first major investor to signal it is preparing to sue Volkswagen over the carmaker’s manipulation of emissions tests. Nordea Asset Management told reporters over the weekend that it planned to join “several different class actions” against Volkswagen. The emissions fixing scandal has left investors with billions of […]

Next
Peloton launches a new exercise bike and treadmill
News

JP Morgan’s net profit for the nine months fell by 39%

The net profit of one of the world’s largest investment banks JP Morgan Chase (USA) in January-September 2020 decreased by 39% compared to the same period last year and amounted to 16.995 billion dollars, according to the report of the investment bank. Adjusted earnings per share were $ 5.09 against $ 8.15 a year earlier. […]

Next
Peloton launches a new exercise bike and treadmill
Analytics

SWISS 2017

2017 was marked by many interesting and significant events for Switzerland. They relate to science, culture, and the social life of the country, and have become important and notable for both Switzerland and for Ukraine. 1. We celebrate the 25th anniversary of the establishment of Ukraine-Switzerland diplomatic relations in 2017. Both sides undoubtedly appreciate well-established […]

Next
Peloton launches a new exercise bike and treadmill
News

Nomura Holdings buys 41% stake in American Century Investments for $ 1 billion

Many  large Japanese companies continue to expand  their presence in the international financial sector, they invest  to promising companies. Major Japanese financial  company Nomura Holdings acquires from Canadian Imperial Bank 41% stake  of the US investment company American Century Investments. Canadian Imperial Bank acquired this piece at American Century Investments in 2011 for $ 848 […]

Next
Peloton launches a new exercise bike and treadmill
News

Founder of the EBay, Pierre Omidyar, has left the company’s board of directors

Founder of the platform for online auctions of the eBay Pierre Omidyar will leave the company’s board of directors and receive the title of Director Emeritus, according to release in the eBay. “For 25 years I have proudly watched as the company that I created, opened up the economic opportunities for people around the world. […]

Next
Peloton launches a new exercise bike and treadmill
News

The largest telecommunication companies in France – Orange and Bouygues announced about their merger

Two of the biggest telecom operator in France, recently reported about their intentions to merge. The amount of the transaction and its details were not disclosed at the moment. This is not the first attempt to conclude an agreement on the merger, talks between the parties were conducted in the past year, but companies  could […]

Next
Peloton launches a new exercise bike and treadmill
News

Prometey has invested in the elevator in Kirovograd

In early May, the network of elevators of the Prometey company gained another one – in the village Zaliznichnoe Olshansky district of Kirovograd region, in the Yosipovka railway station. The elevator is operable, on its base continues the acceptance of grain and oilseed crops of the gather 2015, – says the press service of the […]

Next
Peloton launches a new exercise bike and treadmill
News

The Dalian Wanda Group will be the majority owner of the Legendary Entertainment production company

Chinese companies continue to actively increase their presence in the business world. Recently it became known that the company Dalian Wanda Group, which  specializes in the construction of residential and commercial property, acquires the major USA cinema-company  Legendary Entertainment for $ 4 billion. After the implementation of the agreement, most of the shares will pass […]

Next
Peloton launches a new exercise bike and treadmill
News

The “IMC” Agricultural holding will build a dairy farm in the Chernigiv region

The  “Industrial Milk Company” Agricultural holding (IMC, Kiev) plans to build a dairy farm for 700 heads in the Repkinsky district of the Chernigiv region until 2018. This was announced by the  CEO of the company Alex Lissitsa. According to him, the company intends to modernize the dairy complex in the Repkinsky district in the […]

Next
Peloton launches a new exercise bike and treadmill
News

Who will become the new manager of Novus?

Ukrainian Network of supermarkets Novus gets a new CEO in the person of Mark Petkevich. His predecessor, Ihor Landa is leaving the post. The new ruler of Novus Ukraine, which has held the position of executive director of the network since September 2015, will enter the status of the General on January 19 this year. […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com