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This Peloton Interactive Analyst Gives A Double Upgrade, Raises Forecast By More Than 100%
PTONPeloton(PTON) Benzinga·2024-11-04 16:15

Shares of Peloton Interactive Inc PTON have been climbing after the company smashed first-quarter sales estimates last week.The company can generate over 300millioninEBITDAthisyearandmorethan300 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 3.75to3.75 to 9.00.The Peloton Interactive Thesis: The company reported its fiscal first-quarter EBITDA "much higher than ...