Peloton hits record, and chart indicates another 28% rally ahead
June 26, 2020
Peloton keeps pedaling higher: Its shares were up 3.5% in Wednesday’s premarket.
The exercise bike maker’s stock has rallied more than 100% this quarter, benefiting from the stay-at-home and workout-from-home trend. Cowen upped its price target to a Street high of $70 on Tuesday, calling it a pioneer in the space.
Todd Gordon, managing director of Ascent Wealth Partners, agrees with Cowen that Peloton can continue its run… READ MORE @ CNBC