Peloton shares rise after analyst upgrades rating and raises forecast by over 100%

Peloton Interactive Inc. shares have risen after the company exceeded first-quarter sales expectations. BofA Securities forecasts Peloton can generate over $300 million in EBITDA this year and more than $400 million in the coming years. Analyst Curtis Nagle upgraded Peloton's rating from Underperform to Buy and raised the price target from $3.75 to $9.00. The company also increased its fiscal 2025 EBITDA guidance to between $240 million and $290 million. Peloton's CEO noted potential for operational cost cuts and higher margins. As of Monday, shares were up 6.32% to $7.71.