Why Peloton Interactive Stock Popped 5.5% Monday Morning

Peloton Interactive (NASDAQ: PTON) stock leapt out of the gate Monday, rising 5.5% before retracing to enjoy a still respectable 3.1% gain in noon EST trading -- and if you own shares of Peloton, you can thank the friendly analysts at Needham & Company for your winnings.

This morning, Needham announced that it is maintaining its buy rating on Peloton stock ahead of earnings this week -- but raising its price target $15 to $125 a share.

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Source Fool.com