Why Peloton Stock Is Higher Today
Shares of Peloton Interactive (NASDAQ: PTON) were up on Monday afternoon after a Wall Street analyst raised his price target for the company's shares and reiterated his bullish take on the business.
As of 2:30 p.m. EDT, Peloton's shares were up about 5.2% from Friday's closing price.
In a note on Monday morning, Stifel Nicolaus analyst Scott Devitt raised his price target for Peloton's stock to $62, from $55, and reiterated his buy rating on the shares.
Source Fool.com