EQUITY ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Peloton Interactive, Inc.

New York, New York--(Newsfile Corp. - November 10, 2021) -  Levi & Korsinsky notifies investors that it has commenced an investigation of Peloton Interactive, Inc. ("Peloton" or the "Company") (NASDAQ: PTON) concerning possible violations of federal securities laws.

On November 4, 2021, Peloton reported adjusted EBITDA projected loss for the year 2022 in the range of a $425-$475M, well short of the -$317M consensus estimate. Management attributed the guidance cut to a reduction to the outlook for bike sales, an associated mix shift towards the cheaper bike and reduced expectations for the new tread. Following this news, analysts cut their price targets for PTON. Wedbush Securities, for example cut its price target from $90 to $66.

Following the publication of the company's guidance and the subsequent analyst reports, PTON stock plummeted more than 35%, severely damaging shareholders. To obtain additional information, go to:

https://www.zlk.com/pslra-1/peloton-interactive-inc-loss-submission-form-2

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm's Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services' ("ISS") SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs' securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102928