Peloton Gains as Bank of America Turns Bullish on Profit Outlook, New CEO
Peloton Interactive Inc. picked up rare buy rating Monday as Bank of America Corp. upgraded the fitness company by two notches, touting its profit outlook and a positive view of its new chief executive.
Peloton’s stock is double-upgraded as new CEO helps swing BofA to bullish
Peloton’s stock rallied after the company’s biggest Wall Street bear turned bullish following the announcement of a new CEO and an upbeat earnings report.
Peloton stock surges as Bank of America upgrades on new CEO, 'substantial earnings upside'
Bank of America analyst Curtis Nagle upgraded the stock to a Buy rating and nearly tripled his price target from $3.75 to $9, citing the fitness company’s recent earnings beat, confidence in its new CEO and its potential for “substantial earnings upside.”
Peloton upgraded to Buy from Underperform at BofA
BofA upgraded Peloton (PTON) to Buy from Underperform with a price target of $9, up from $3.75. The firm cites higher estimates after fiscal Q1
Peloton Stock Pushes Higher After BofA Issues Double Upgrade on CEO Change, Q1 Results
Key Takeaways Peloton shares rose again Monday after a double rating upgrade from Bank of America Securities.The company's first-quarter results beat expectations last week, and the company named a new CEO.
Peloton Stock Is Rising. Why BofA Gave It a Double Upgrade After Earnings.
Analysts upgraded shares of the at-home fitness company to Buy from Underperform and raised their target for the price to $9 from $3.75.
Peloton double-upgraded at BofA, 'many miles more of EBITDA growth likely'
Bank of America double-upgraded Peloton (NASDAQ:PTON) to Buy from Underperform with a price target of $9, up from $3.75 in a note Monday, citing robust EBITDA growth under CEO Peter Stern, who officially starts in January.
Peloton Stock Has Soared 195% From Its 52-Week Low. Is It Too Late to Buy?
The connected fitness company's incoming CEO has an impressive resume that includes a seven-year stint at Apple.
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David Einhorn Believes Peloton Is Undervalued, but His Bull Case Comes With a Big "If"
Shares of Peloton Interactive (NASDAQ: PTON) are undervalued, according to hedge fund manager David Einhorn. Speaking at a ...
Peloton's new CEO has a chance to turn things around. Here's what he needs to do.
Peloton is betting that its new CEO, Peter Stern, can help turn the struggling company around after several tough years.
Could Peloton Be Moving Away From DEI?
On Thursday, shares of Peloton spiked nearly 28% after the company reported an earnings beat and the hiring of a new CEO, ...
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Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
Peloton has tapped Ford executive Peter Stern to be its next CEO. The longtime automotive executive was last overseeing ...
Peloton surges 30% after naming former Apple executive as new CEO
Stern will step down from his role at Ford and step into the chief executive role at Peloton on Jan. 1, the company said. He ...
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Three Stocks: Peloton, Plug Power, and Palantir
Palantir ( PLTR) has scored another win, posting $725.5 million in third-quarter revenue—a 30% increase year-over-year, beating analysts’ expectations of $703.7 million. With net income reaching a ...
Peloton appoints Apple Fitness Plus cofounder as new CEO
As a cofounder and driving force behind Apple Fitness Plus, Peter led his growth to millions of members, and is responsible ...
Ford's head of integrated services leaves automaker to join Peloton
The head of Ford Motor's integrated services, who was tasked with leading one of the automaker's most important teams, is ...
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Mayville Engineering reaches $25 million settlement with Peloton
Milwaukee-based Mayville Engineering Co. has reached a settlement with New York-based Peloton Interactive, resolving a ...