Rumors of a potential sale of Peloton Interactive Inc. have been flying thick and fast following reports of fundamental issues at the at-home fitness brand. While Amazon Inc. and Nike Inc. are being talked of as potential suitors, an analyst at Wedbush said Apple Inc. could also join the race for Peloton. The Apple Analyst Daniel Ives has an Outperform rating and $200 price target for Apple shares. The Apple Takeaways Peloton stock is down over 80 percent from pandemic highs amid growth concerns, the gradual winding down of work-from-home, and some execution issues, analyst Ives said in a note. A handful of technology and consumer brand stalwarts could be keen on bidding for the company, and activist investors are also pushing for a sale, the analyst noted. “We would be shocked if Apple is not aggressively involved in this potential deal process,” Ives said. The analyst sees a potential …
Does a Potential Peloton Acquisition Make Strategic Sense for Apple?
February 8, 2022
admin
0 Comment