Peloton Goes Up After Recovering From Recent Lows

The workout equipment and plans firm reached a new low last week but has since recovered and is now trading 4.52% higher today, May 8th. Over the course of the past three trading days, Peloton achieved an 8.66% gain.

Peloton has recovered from a new low, trading 4.52% higher.

An analyst at BMO Capital named Simeon Siegel gave Peloton Interactive a buy recommendation. The research analyst changed the rating of the stock from Underperform to Market Perform and set a price objective of $9.5. The discrepancy between the cheerful public pronouncements made by the firm and its dismal financial performance acted as the basis for improving the company’s rating.

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