04:22
Traffic jam:   0
$
91.3336
98.7225

Peloton (PTON) Revamps Brand Identity: From Luxury to Accessible Fitness for All

19 June 2023
3509
2 min.
2
Peloton (PTON) Revamps Brand Identity: From Luxury to Accessible Fitness for All

Peloton's Bold Rebranding

Peloton (NASDAQ:PTON) has undergone ups and downs in recent years. The COVID-19 pandemic led to a surge in sales as people sought at-home exercise options. Now, Peloton aims to rebrand itself by shifting focus to the more accessible Peloton App and expanding its customer base.

Moreover, Peloton has implemented a tiered system that provides different levels of content at varying price points, with the goal of attracting new customers who were previously deterred by the high prices of the equipment and granting them access to the classes.

The impact of this rebranding remains uncertain. Existing Peloton equipment owners may not appreciate the ease with which newcomers can join the Peloton community, as it diminishes the exclusivity and club-like atmosphere that they valued. These dedicated customers have long supported the company and paid a premium to be part of the elite Peloton community.

Additionally, while new app subscribers only need to pay $24 per month for the Peloton App+ membership on their personal devices, owners of Peloton equipment will still have to pay $44 per month for the Peloton All Access Membership to access classes displayed on the equipment screen. This price discrepancy may alienate existing customers and further change how people utilize their Peloton equipment.

Is Peloton a Buy or a Sell?

Nineteen analysts have rated Peloton in the past three months, resulting in a Moderate Buy consensus rating. Out of these analysts, seven recommend buying, eleven recommend holding, and one recommends selling Peloton stock. According to these experts, the average projected future stock price is $11.75, representing a 36% upside from the current stock price. Year-to-date, Peloton stock has gained 6.4%.

Takeaway

Peloton has faced challenges as its stock soared between 2020 and 2021. Over the past three years, however, the stock has experienced an 83.02% decline in value. Nevertheless, the company holds potential for positive returns in the future through its rebranding efforts, which aim to attract a larger audience and drive traffic to the app.

Companies2 in the news

Nasdaq
2 place
Section:

Discussion

Rating companies
JP Morgan Chase
16 Mention
Instagram
13 Mention
Tesla
12 Mention
Walt Disney Company
11 Mention
Nasdaq
9 Mention
Amazon
9 Mention
Ford Motor Company
9 Mention
Netflix
9 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8106356908
Died this year
9955526
Born this year
24492356