Peloton stock surges as Bank of America upgrades on new CEO ...

Nov 4, 2024 · Peloton (PTON) stock jumped nearly 10% Monday before paring gains following an upgrade from Bank of America (BAC). Bank of America analyst Curtis Nagle upgraded the stock to a Buy rating and ...

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Peloton Stock Surges As Bank Of America Upgrades On New CEO ...

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Peloton Shares Soar 9% As New CEO Unleashes Profit Potential …

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Nov 4, 2024 · Bank of America just delivered a confidence boost to Peloton Interactive (NASDAQ:PTON), double-upgrading it to Buy and bumping the price target to $9 from $3.75. …

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Peloton's Stock Is Double-upgraded As New CEO Helps Swing BofA …

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Nov 4, 2024 · Also read: Peloton replaces CEO after 90% stock slide during his tenure, plans more layoffs. BofA Securities analyst Curtis Nagle double-upgraded the stock on Monday to …

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Peloton Stock Is Rising. Why BofA Gave It A Double Upgrade After …

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The stock gained 10% to $7.97 in late morning trading, adding to recent sizable gains. On Oct. 31, the shares leapt 28% after the company appointed a new chief executive and reported …

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Why Is Peloton (PTON) Stock Rocketing Higher Today - Yahoo …

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Nov 4, 2024 · Peloton is up 30.3% since the beginning of the year, but at $7.59 per share, it is still trading 10.8% below its 52-week high of $8.50 from October 2024. Investors who bought …

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Peloton (NASDAQ:PTON) Stock Rises With New CEO Appointment

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Nov 4, 2024 · Bank of America hiked its price target on PTON stock to $9, and upgraded its rating on the shares to Buy thanks in large part to Peloton’s new CEO being hire. Days ago, Peloton …

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Peloton Shares Soar 9% As New CEO Unleashes Profit ... - GuruFocus

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Peloton’s new CEO drives profit growth, debt reduction, and bold ESG targets—investors are paying attention. Bank of America just delivered a confidence boost to Peloton Interactive …

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Peloton's Stock Soars Following Strong Q1 Results And Upgrade To …

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2 days ago · Peloton's recent Q1 results have sparked a surge in investor confidence, with a 6.32% stock increase following a "Buy" upgrade from BofA Securities. Can the company's new …

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Peloton Double-upgraded At BofA, 'many Miles More Of EBITDA …

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Nov 4, 2024 · Investing.com -- Bank of America double-upgraded Peloton (NASDAQ:PTON) to Buy from Underperform with a price target of $9, up from $3.75 in a note Monday, citing robust …

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BofA Upgrades Peloton Over Possible Upside From Incoming CEO

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Nov 4, 2024 · Peloton Interactive (PTON) received an upgrade to Buy from Bank of America analysts, who also raised their price target to $9 per share. Catalysts hosts Seana Smith and …

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FAQs about Peloton stock surges as Bank of America upgrades on new CEO ... Coupon?

How much will bank of America's peloton make in 2025?

Bank of America's Nagle said its new CEO “ticks many boxes.” He also said that Bank of America believes Peloton can exceed $300 million in earnings before interest, tax, depreciation, and amortization (EBITDA) for the fiscal year 2025, while the company itself set a more modest guidance range between $240 million and $290 million. ...

Why did peloton stock jump 10% on Monday?

Peloton (PTON) stock jumped nearly 10% Monday before paring gains following an upgrade from Bank of America (BAC). ...

Why did peloton stock rally Monday?

Peloton’s stock rallied after the company’s biggest Wall Street bear turned bullish following the announcement of a new CEO and an upbeat earnings report. Photo: Getty Images Shares of Peloton Interactive Inc. resumed their rally Monday after the at-home fitness company’s announcement of a new chief executive helped turn a former bear into a bull. ...

How much will peloton make in 2025?

He also said that Bank of America believes Peloton can exceed $300 million in earnings before interest, tax, depreciation, and amortization (EBITDA) for the fiscal year 2025, while the company itself set a more modest guidance range between $240 million and $290 million. A Peloton bike is shown in San Francisco. ...

Will peloton top $300 million in adjusted EBITDA this year?

He anticipates Peloton can top $300 million in adjusted Ebitda this year and $400 million over the next few years as it continues to cut costs. “For the first time in Peloton‘s history, the company is on a path of sustained Ebitda, following years of losses and cash burn,” Nagle wrote in a note to clients. ...

Why did peloton share prices fall in 2021?

Peloton shares have plunged from highs around $150 in 2021. The company’s rapid rise — fueled by pandemic at-home workout trends — gave way to a steep, prolonged decline. Customers turned away from the fitness platform, with subscribers falling by about 400,000 between 2022 and 2024. ...