Truist Securities Maintains Hold on Peloton Interactive, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Peloton Interactive while raising the price target from $6 to $10.
November 01, 2024 | 2:52 pm
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Truist Securities has maintained a Hold rating on Peloton Interactive and increased the price target from $6 to $10, indicating a more optimistic outlook.
The increase in price target from $6 to $10 by Truist Securities suggests a more positive outlook on Peloton's future performance, which could lead to a short-term positive impact on the stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100