This Peloton Interactive Analyst Gives A Double Upgrade, Raises Forecast By More Than 100%
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Shares of Peloton Interactive Inc (NASDAQ:PTON) have been climbing after the company smashed first-quarter sales estimates last week.
The company can generate over $300 million in EBITDA this year and more than $400 million over the next few years, according to BofA Securities.
Analyst Curtis Nagle upgraded the rating for Peloton Interactive from Underperform to Buy, while raising the price target from $3.75 to $9.00.
The Peloton Interactive Thesis: The company reported its fiscal first-quarter EBITDA “much higher than expected” and raised its …
Full story available on Benzinga.com
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