Peloton rises after Truist hikes rating to 'buy'
ReutersApr 28, 2025 1:55 PM
Shares of fitness-equipment maker Peloton Interactive PTON.O up 5% at $6.61 in early trade after brokerage Truist hikes stock rating to "buy" from "hold"
Brokerage says stock is finally nearing a point where the company's improving fundamentals should support a gradual recovery of its equity
Maintains PT at $11; a 43% upside to stock's last close
"We believe the new leadership is refocusing on revenue growth" - Truist
7 of 22 brokerages rate PTON "buy" or higher, 14 "hold" and one "sell"; their median PT is $9.50 - data compiled by LSEG
As of last close, stock down 27% YTD
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