Peloton Interactive (PTON) Received its Third Buy in a Row

After Needham and Barclays gave Peloton Interactive (NASDAQ: PTON) a Buy rating last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Scott Devitt maintained a Buy rating on Peloton Interactive today and set a price target of $37.00. The company’s shares closed last Monday at $32.96.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 19.3% and a 66.1% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Mercadolibre.

Peloton Interactive has an analyst consensus of Strong Buy, with a price target consensus of $32.53, which is a -6.5% downside from current levels. In a report issued on November 19, J.P. Morgan also reiterated a Buy rating on the stock with a $34.00 price target.

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Peloton Interactive, Inc. is the interactive fitness platform, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content and health & wellness apps. It operates through the following segments: Connected Fitness Products, Subscription, and Other.