Why Peloton Interactive Stock Jumped 12% in August

Shares of Peloton Interactive (NASDAQ: PTON) gained 12.4% in value last month, according to data provided by S&P Global Market Intelligence. The stock was trading in a flat range for most of the month until a Goldman Sachs analyst raised the price target from $84 to $96, or 15% above the current quote of $83.33. 

The analyst believes investors are still underestimating Peloton's growth and profitability in both the short and long term.

Image source: Peloton Interactive.

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Source Fool.com