Is Peloton Stock Headed for $96?
Peloton Interactive (NASDAQ: PTON) is struggling to keep up with demand with so many orders coming from people wanting a convenient at-home workout during the pandemic. The stock has almost tripled since its initial public offering in Sept. 2019, but even at the current level of about $83 per share, one Goldman Sachs analyst -- Heath Terry -- believes the stock can reach $96. With that in mind, Terry's reasons for the bullish call still lay out a strong case for why Peloton could be a good investment, even after its impressive rally year-to-date.
