As a host of Wall Street analysts, Peloton’s stock increases target after first quarterly profit

Peloton Interactive Inc. PTON shares
After reporting better-than-expected fiscal fourth-quarter results, including first-quarter profit after going public a month earlier, prepaid trading rose 13.6% on Friday, keeping them on track to open in record territory Huh. This led to no stock of less than 13 of the 26 analysts surveyed by FactSet, 48% above the average target of $ 64.58 at the end of August, which did not push the average target to $ 95.83. JPMorgan analyst Doug Anmath, reiterating his overweight, raised his target to $ 125 from $ 105, saying the Peloton position is “more confident” for the coming years, as near-term demand, The low-priced bike and its Bike + product have been elevated. Along with accelerating in-home fitness “increases significantly [Peloton’s] Addressable market. “Scott DeWitt of Stifel Nichols raised its target to $ 120 from $ 72 and maintained its ratings buy-in, with the company stating that it is a” pre-to-post pandemic secular development story, as it is the world’s first Is building a global fitness platform. The stock, which is on track to open Thursday’s record intraday above $ 98.61, has tripled through the year to date (209.0%) through Thursday (S20P SPX),
There is an increase of 3.4%.