Peloton Stock Surges on Bullish Goldman Sachs Coverage
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BTCCSquare news:
Peloton Interactive Inc. (PTON) shares jumped 10.3% Friday after Goldman Sachs upgraded the stock to buy and raised its price target to $11.50, signaling 47% upside potential. The rally follows better-than-expected Q4 results where cost cuts drove unexpected profitability, despite a 6% revenue decline.
Goldman's endorsement extends Peloton's recent rebound, with the stock having gained as much as 11.5% intraday. The fitness company's disciplined margin performance outweighed top-line weakness, surprising analysts who had anticipated deeper struggles.
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