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.
Peloton PT Raised to $72 a share by Stifel
Peloton has changed the fitness industry forever, and demand for the connected fitness bike will remain elevated over the next several quarters, according to Stifel analyst Scott Devitt. The firm raised its price target to $72 a share from $62.
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.