Finance Peloton Will Remain Popular Even After Gyms Reopen, Analyst Says. The Stock Is Rising. Staff Editor May 23, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in After a recent pull-back, Peloton Interactive shares are rising again on Tuesday. An analyst at SunTrust Robinson Humphrey argued Covid-19 shutdowns will lead to long-term market share gains. Where we were. After months of wobbling above and below its $29 IPO price , Peloton stock (ticker: PTON) got a big-time boost from its March quarter earnings report . The company said folks stuck at home were looking to its interactive exercise equipment and programs as a replacement for shuttered gyms. Analysts noted that the bikes, and the related subscription, likely won’t go ignored when gyms re-open. The company said last week it hit one million connected fitness subscribers —a trend that analysts argued implied Peloton was on track to report June quarter results ahead of expectations… READ MORE @ Barrons After a recent pull-back, Peloton Interactive shares are rising again on Tuesday. An analyst at SunTrust Robinson Humphrey argued Covid-19... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: Peloton
