Core Viewpoint - Peloton's stock has seen a significant increase following an upgrade from a Wall Street analyst, indicating a potential turnaround in the company's fortunes [1][2]. Group 1: Analyst Upgrade and Price Target - UBS analyst Arpine Kocharian upgraded Peloton's stock to a buy rating and raised the price target from $7 to $11.50, reflecting a more favorable outlook for the company [2][4]. - Since the upgrade, Peloton's shares have surged approximately 10% [1]. Group 2: Financial Projections - Kocharian projects annualized revenue from subscription price increases to be between $90 million and $100 million [4]. - The EBITDA forecast for fiscal year 2026 is estimated to be between $400 million and $450 million, which is significantly higher than consensus estimates [4][5]. Group 3: Market Valuation - Peloton's market capitalization is around $2.5 billion, with the stock trading at less than 7 times the EBITDA forecast provided by Kocharian [5]. - Despite the stock not being as popular as during the pandemic, there are signs of improving fundamentals [5][6]. Group 4: Subscriber Trends - There are indications that the decline in net subscribers may stabilize, particularly outside of churn driven by price increases [4]. - Improved data trends regarding traffic and active users have been observed, suggesting a potential positive shift in user engagement [4].