This Peloton Interactive Analyst Gives A Double Upgrade, Raises Forecast By More Than 100%

Shares of Peloton Interactive Inc 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 ...