Why Peloton Interactive Stock Climbed 13% in January
Shares of Peloton Interactive (NASDAQ: PTON) gained 13.9% in value last month, according to data provided by S&P Global Market Intelligence. The maker of digitized fitness bikes is riding several consumer trends in fitness, health, and streaming subscription services.
Every Wall Street firm that covers Peloton has a buy rating on the stock. In January, analysts from Baird and Bank of America voiced their opinion on the long-term growth story for the fast-growing fitness brand. The positive sentiment seemed to lift the shares, as investors entered February expecting a strong holiday earnings report.
Investors got what they wanted, but the outlook disappointed.
Source Fool.com
