Reddit Traders Continue to Like Peloton (PTON) Stock’s Volatility

Peloton Interactive, Inc. (NASDAQ:PTON) is one of the best WallStreetBets stocks to buy according to analysts. Peloton Interactive, Inc. (NASDAQ:PTON) continues to be popular among Reddit traders, who are drawn to its stock price volatility. Currently, the stock has a median upside potential of 49.25% based on ratings from 19 analysts. The highest assigned price target is $10, which implies 148.76% upside from here.

On February 10, Argus Research analyst John Staszak downgraded Peloton Interactive, Inc. (NASDAQ:PTON) from Buy to Hold without disclosing any price target. The firm pointed to strong competition from both traditional gyms and other at-home fitness providers, which has led to a decline in the company’s subscriptions since the pandemic ended. The analyst said that this pressure is expected to continue in the short term.

Despite these challenges, the firm believes Peloton Interactive, Inc. (NASDAQ:PTON) can eventually regain its position as a leader in the at-home fitness industry. Moreover, Argus analysts note that the company’s online cycling classes, which were once very popular, appear to be attracting less interest from users.

In contrast to Argus Research, Roth MKM appears to have a more positive view of Peloton Interactive, Inc. (NASDAQ:PTON). On February 6, George Kelly from Roth MKM maintained a Buy rating along with the price target of $10 on the stock.

Reddit Traders Continue to Like Peloton (PTON) Stock’s Volatility

Peloton Interactive, Inc. (NASDAQ:PTON) operates as a provider of wellness and fitness products and services across North America and globally. It provides connected fitness products, including Peloton Tread, Peloton Bike, Peloton Tread+, Peloton Bike+,  and Peloton Row. The company is based in New York, New York, and was incorporated in 2012.

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.

READ NEXT: Goldman Sachs Value Stocks: 10 Stocks to Buy and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026.

Disclosure: None. Follow Insider Monkey on Google News.