Peloton rises after Truist hikes rating to 'buy'

Peloton Interactive

28/04/2025 14:55

** 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

 (Reporting by Anshuman Tripathy)

 ((Anshuman.Tripathy@thomsonreuters.com))