Peloton Interactive, Inc. shares sank further into negative terrain on Tuesday after it reported disappointing first-quarter results and issued weak guidance.
Further Downside Limited
TFI Securities analyst Ming-Chi Kuo is optimistic that a turnaround could be in the cards.The analyst noted that Peloton shares have declined nearly 50 percent since April 7, when he tweeted that the company cut all component orders for 2022. A further downside could be limited, the analyst said.
