Peloton Could Shoot Almost 20% Higher, According to This Analyst

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A durably popular stock through the stay-at-home days of the coronavirus pandemic, Peloton Interactive (NASDAQ: PTON) still has quite a runway for profit. That’s according to Cowen analyst John Blackledge, who substantially raised his price target on the stock in a research note published Monday.

The prognosticator now believes the shares of the home exercise equipment and video services company are worth $175 apiece, up from his previous level of $130. The former, if reached, would represent a 19% gain on the most recent closing stock price.

Image source: Peloton Interactive.

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