Pelton (NASDAQ: PTON) stock closed out Friday's trading session with big gains. The company's share price gained 10.3% on the day's trading and had been up as much as 11.5% earlier in the session.
Peloton's valuation bounded higher today thanks to bullish coverage on the stock published by Goldman Sachs. The positive analyst coverage came on the heels of better-than-expected quarterly results released by the company -- and the new analyst note helped extend the exercise-machine specialist's rally.
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Source Fool.com