Peloton Interactive (NASDAQ: PTON) just did something it's never done before. Shares of the connected fitness specialist gained 35% on Thursday, marking its biggest one-day surge since its IPO in 2019.

The gains come as investors have been desperate for any sign of a recovery from the beaten-down pandemic winner. Did investors get what they were looking for? Is it finally time to buy Peloton stock? Let's take a closer look at the latest results.

Image source: Peloton.

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Source Fool.com