Reported 21 days ago
Peloton's stock surged nearly 10% after Bank of America upgraded it to a Buy rating, citing the new CEO and significant earnings potential. The fitness company's shares have risen over 60% in the last month, following a positive earnings report that exceeded Wall Street expectations. With incoming CEO Peter Stern set to lead in January 2025, analysts predict continued growth and profitability improvements, despite Peloton's past struggles and declining subscriber numbers.
Source: YAHOO