Shares of Peloton Interactive Inc (NASDAQ:PTON) traded higher on Monday on continued momentum following the company’s fourth-quarter earnings report last week. Here’s what investors need to know.
What To Know: Peloton shares are up about 18.5% over the past five trading sessions. The fitness equipment maker last week announced quarterly results that surpassed analyst expectations, showcasing progress in its ongoing turnaround strategy. Adding to the positive momentum, Goldman Sachs upgraded its rating on the stock from Neutral to Buy, increasing its price target from $7 to $11.50.
