Peloton Set to Vault Nearly 30% Higher, an Analyst Says

Buoyed by strong demand for both existing and new products, Peloton Interactive (NASDAQ: PTON) is well positioned for a sharp move upward. Yruma's monitoring of Peloton's business indicates that consumers are still hungry for its stationary bicycles in particular, even though competitors are nipping at its heels. "Checks point to strong Peloton demand (and lengthy wait times) despite readily available competitor product," he wrote in a research note.