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Barchart
Barchart
Mohit Oberoi

Peloton Stock Forecast: Can EMJ's Founder Help Trigger an Opendoor-Like Rally?

Peloton OPEN Opendoor PTON EMJ Capital

While the broader markets sank on Friday, March 27, Peloton (PTON) rose nearly 9% and bucked the trend after Eric Jackson, founder of EMJ Capital, said that he is long on the stock at $4. For the uninitiated, Jackson was instrumental in fueling the rally in Opendoor Technologies (OPEN) last year. Jackson has set a base-case target price of $8 on PTON, while the bull-case target is $16.

Notably, in February, hedge fund manager David Einhorn, who sold the bulk of his Peloton holdings last year, said that he is buying the dip in the stock. PTON has a consensus rating of “Moderate Buy” from the 21 analysts polled by Barchart, and its mean target price of $8.19 is similar to Jackson's base-case target. But could PTON stock rise above $8 in 2026? Let’s look at both the bearish and bullish arguments.

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