Peloton Stock's Next Stop: $144?
Connected fitness specialist Peloton (NASDAQ: PTON) has already had quite a year, with shares up approximately 350% year to date as the COVID-19 pandemic has closed gyms and pushed fitness enthusiasts to find alternative ways to exercise at home. With many brick-and-mortar gyms going bankrupt amid the crisis, that trend may be here to stay.
Peloton may still have more upside in store, though, according to one Wall Street analyst.
Image source: Peloton.
Source Fool.com