We recently published 10 Stocks With Shocking Surges. Peloton Interactive, Inc. 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. to $11 from $7.50 previously, while also upgrading its recommendation to “buy” from “neutral” previously.
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According to UBS, Peloton Interactive, Inc.’s 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. 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., 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.
