Why Shares of Peloton Are Surging This Week
Since the close of trading last Friday, shares of (NASDAQ: PTON) have surged about 10%, as of 1:24 p.m. ET Thursday. Shares are largely moving higher due to a recent Wall Street analyst report that upgraded the stock.
Peloton, a maker of exercise equipment and content, has seen its stock get absolutely crushed since the main years of the pandemic, as people returned to the gym following the reopening of the economy, among other issues. But now shares are attractively priced, according to UBS analyst Arpine Kocharian, who upgraded the stock to a buy rating and raised the price target from $7 to $11.50.
Source Fool.com
Peloton Interactive Inc. Stock
€5.36
-0.380%
Peloton Interactive Inc. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
As a result the target price of 9 € shows a very positive potential of 68.04% compared to the current price of 5.36 € for Peloton Interactive Inc..
