"Peloton is betting that its new CEO can deliver a much-needed turnaround. Stabilizing Peloton will be a tall order, requiring the company to trim spending and retain its current subscribers."
"It was a bubble of euphoria in pandemic-induced perception mania. Peloton's peak market cap was not steeped in reality; it was steeped in hope," said BMO Capital Markets analyst Simeon Siegel.
"Stern's first order of business will be a basic one: 'Get the company into a stable financial state,'" said Neil Saunders, emphasizing the need for sustainable profitability.
"Even after Thursday's surge, Peloton's share price has fallen more than 94% since its peak in 2020, causing analysts to stress the importance of focusing on subscriber retention."
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