Peloton's value drops $9 billion as Wall Street predicts tough road ahead
(Reuters) – Peloton Interactive Inc shares slumped 33% on Friday, wiping off about $9 billion in market value as analysts predicted a tough path ahead for the pandemic-darling amid a return by economies to normalcy. At least 15 analysts lowered their price target on the Peloton stock after the company cut its annual sales forecast by up to $1 billion […]
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