Published on 11 Oct 2021 on Market Watch
Peloton stock can soar nearly 80% to KeyBanc analyst’s new price target
Shares of Peloton Interactive Inc. got a lift Monday, after KeyBanc analyst Edward Yruma said the recent selloff presented a “compelling” opportunity for long-term investors to buy, as recent Bike price cuts should offset a slower Tread ramp.
The stock rose 1.2% in midday trading Monday. It has bounced 5.9% since closing at a 13-month closing low of $82.35 on Oct. 4, but was still trading at almost half the record closing price of $167.42 on Jan. 13.