Citron sets $30 target on Nautilus, predicts earnings ‘blow out’

In a newly published research report, Citron Research calls Nautilus the “fastest growing name in stay at home fitness” and sets a $30 price target on the stock for 2020. “As Peloton bikes have been on 6-8-week backorder… not all 130 million US households have been willing to wait or only wanted the Peloton experience. Enter Nautilus. This multi branded 30-year-old fitness company has found a new life under former MSFT executive Jim Barr and is about to blow out its earnings,” contends Citron in a report published on its website.