Peloton stock bounces, as J.P. Morgan analyst slashes price target but still sees ‘considerable’ upside
January 05, 2022 at 11:20 AM EST
Shares of Peloton Interactive Inc. bounced slightly Wednesday, from levels seen before the at-home fitness company started benefiting from pandemic-driven demand, as analyst Doug Anmuth at J.P. Morgan slashed his price target and cut his estimates but maintained his long-time bullish stance.