The workout equipment and plans firm reached a new low last week but has since recovered and is now trading 4.52% higher today, May 8th. Over the course of the past three trading days, Peloton achieved an 8.66% gain.
An analyst at BMO Capital named Simeon Siegel gave Peloton Interactive a buy recommendation. The research analyst changed the rating of the stock from Underperform to Market Perform and set a price objective of $9.5. The discrepancy between the cheerful public pronouncements made by the firm and its dismal financial performance acted as the basis for improving the company’s rating.
