Goldman Hikes Peloton’s Target To Street High, Says Growth Is Undervalued In The Stay-At-Home Name

Wall Street is underestimating high flying fitness stock Peloton’s growth potential even after rallying nearly 140% this year, according to Goldman Sachs.

The Wall Street firm — which has a buy rating on the stationary bike company — hiked its 12-month price target to $96 from $84 per share, sending shares of Peloton up more than 3% in premarket trading on Thursday. Goldman’s new target is the highest on Wall Street, implying more than 42% upside for the “stay at home” stock.

– CNBC.