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Peloton Interactive Inc. PTON is scheduled to report its fourth-quarter and full-year fiscal 2025 earnings on Thursday, Aug. 7, before the market opens.
Since the close of trading last Friday, shares of Peloton (PTON -4.02%) have surged about 10%, as of 1:24 p.m. ET Thursday.
Peloton (PTON) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
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Peloton Interactive Inc (NASDAQ: PTON) soared nearly 20% on Wednesday after a senior UBS analyst issued an ultra-bullish note in its favour. In her research note this morning, Arpine Kocharyan upgraded the connected fitness company to “buy” and raised her price target to $11 – indicating potential upside of over 80% on its previous close.
Shares of Peloton Interactive (PTON 17.64%), the streaming fitness and equipment company, jumped 14.6% through 11:30 a.m. ET Wednesday after UBS analyst Arpine Kocharyan upgraded the stock to buy with an $11 price target.
Peloton Interactive Inc (NASDAQ:PTON) stock is up 10.7% to trade at $6.84 at last check, following an upgrade from UBS to "buy" from "neutral," which came alongside a lofty price-target hike to $11 from $7.50.
Peloton is reportedly launching a national expansion of its bikes/treadmill resale marketplace. A pilot version of this program yielded about three dozen sales in the last two months, and now the connected fitness company is expanding the marketplace on a national scale, Bloomberg News reported Tuesday (July 29).
Peloton Interactive's (PTON -4.84%) woes have continued so far this year as the connected fitness company is still struggling to grow and turn a profit as it's been unable to overcome its post-pandemic collapse.
The Leisure and Recreation Products industry faces challenges due to an uncertain economy. However, stocks like ASO, PTON and PLBY are likely to defy the headwinds.