Peloton’s slower recovery: New products target new users as Goldman Sachs cuts long-term forecasts and price target
Goldman Sachs expects connected fitness subscriptions to return to growth only in fiscal 2029. A lower-priced folding treadmill and AI personalization features are intended to attract and retain users, respectively, but the app’s user base and usage time continue to decline, while growth investment also limits margin improvement.
Goldman Sachs ·