Why Peloton Stock Rose Today
Shares of Peloton Interactive (NASDAQ: PTON) climbed 4.5% on Thursday after Goldman Sachs analyst Heath Terry argued that investors' expectations for the home-based fitness company were "far too low."
Terry reiterated Goldman's buy rating on Peloton's stock and boosted his price forecast from $84 to $96. His new target price represents potential gains for shareholders of roughly 37%, based on Peloton's closing price of $70.30.
Sales of Peloton's fitness machines are booming. Image source: Peloton.
Source Fool.com
