(Bloomberg) — Peloton Interactive Inc. slid in extended trading Wednesday after Goldman Sachs issued a rare downgrade of the stock to a hold-equivalent rating, citing a more than fivefold share-price rally over the past year.The 458% gain in Peloton shares since it was added to a Goldman buy list in 2019 suggests that “much of the near term opportunity is priced in,” analyst Heath Terry wrote in a research report cutting the rating to neutral from buy. Peloton fell as much as 3.9% in postmarket trading.Shares of the New York-based company surged this year as Covid-19 lockdowns led to major …read more
Source:: Yahoo Finance
