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Peloton Stock Has Reached a ‘Turning Point.’ Why Wall Street Says It’s Time to Buy.
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Peloton Interactive is on a track for growth and shares look like a buy, said Canaccord analysts. Susan Anderson and Alec Legg upgraded shares of the at-home fitness company to Buy from Hold and maintained a price target of $10. “Peloton is the clear leader in the connected fitness industry, which they invested in early on and built a 6M loyal member base that has a high-margin recurring revenue stream,” the analysts wrote.
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