Peloton (PTON) Climbs 18.8% on Bullish Analyst Rating, Potential to Double Share Price

We recently published 10 Stocks With Shocking Surges. Peloton Interactive, Inc. (NASDAQ:PTON) is one of the best-performing stocks on Wednesday.

Peloton Interactive snapped two straight days of losses on Wednesday, jumping 18.77 percent to close at $7.34 apiece as investors took path from an investment firm’s bullish rating for its stock, saying it could nearly double.

In a market note, UBS raised its price target for Peloton Interactive, Inc. (NASDAQ:PTON) to $11 from $7.50 previously, while also upgrading its recommendation to “buy” from “neutral” previously.

According to UBS, Peloton Interactive, Inc.’s (NASDAQ:PTON) initiatives to shrink its retail footprint, and cut general expenses and technology spending could save the company $80 million on top of its existing $200 million target.

UBS also expected Peloton Interactive, Inc. (NASDAQ:PTON) to record between $400 million and $450 million in EBITDA next year, well above the $358 million Wall Street consensus.

According to Peloton Interactive, Inc. (NASDAQ:PTON), it is scheduled to release the results of its fourth quarter and full-year financial and operating performance for fiscal year 2025 on Thursday, August 7. An investor conference will be held at 8:30 AM on the same day to elaborate on the results.

While we acknowledge the risk and potential of PTON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PTON and that has 10,000% upside potential, check out our report about this cheapest AI stock.