Morgan Stanley Maintains Equal-Weight on Peloton Interactive, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk maintains an Equal-Weight rating on Peloton Interactive and raises the price target from $3.5 to $5.
November 01, 2024 | 1:16 pm
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Morgan Stanley has maintained its Equal-Weight rating on Peloton Interactive and increased the price target from $3.5 to $5, indicating a more optimistic outlook.
The increase in price target from $3.5 to $5 by Morgan Stanley suggests a more positive outlook on Peloton's future performance. This could lead to a short-term positive impact on the stock price as investors may view the raised target as a sign of potential growth or recovery.
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