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Why Peloton Stock Rose Today

TheMotleyFool

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Shares of Peloton Interactive (NASDAQ: PTON) climbed 4.5% on Thursday after Goldman Sachs analyst Heath Terry argued that investors' expectations for the home-based fitness company were "far too low."

Terry reiterated Goldman's buy rating on Peloton's stock and boosted his price forecast from $84 to $96. His new target price represents potential gains for shareholders of roughly 37%, based on Peloton's closing price of $70.30.

Sales of Peloton's fitness machines are booming. Image source: Peloton.

Source Fool.com

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