Peloton shares gain on price target boost, rating upgrade from UBS
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Peloton Interactive Inc shares rose nearly 8% following an upgrade from UBS, which changed its rating from 'Sell' to 'Neutral' and increased the price target from $2.50 to $10.
December 06, 2024 | 5:30 pm
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Peloton's stock surged by almost 8% after UBS upgraded its rating from 'Sell' to 'Neutral' and significantly raised the price target from $2.50 to $10.
The upgrade from UBS and the substantial increase in the price target are strong positive signals for investors, likely leading to increased buying interest and a short-term price increase.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100