Reported 21 days ago
Peloton Interactive Inc. received a boost in stock value as Bank of America upgraded its rating, citing optimistic profit projections and the appointment of new CEO Peter Stern. Analyst Curtis Nagle praised Peloton's impressive EBITDA results and raised the company's forecast, indicating a potential turnaround after years of losses. Despite a significant drop since 2021, Peloton's shares rose 3.6% on Monday, with Nagle adjusting his price target for the stock to $9.
Source: YAHOO