Is Peloton Stock Headed for $96?
Peloton Interactive (NASDAQ: PTON) is struggling to keep up with demand with so many orders coming from people wanting a convenient at-home workout during the pandemic. The stock has almost tripled since its initial public offering in Sept. 2019, but even at the current level of about $83 per share, one Goldman Sachs analyst -- Heath Terry -- believes the stock can reach $96.
As long-term investors, we're not so interested in where the stock is headed short term. Instead, our focus should be on the next five years and beyond. With that in mind, Terry's reasons for the bullish call still lay out a strong case for why Peloton could be a good investment, even after its impressive rally year-to-date.
Image source: Peloton Interactive.
Source Fool.com
