Peloton price target raised to ‘Street High’ $96 at Goldman, sees demand inflection as permanent

Goldman Sachs raised their price target for Peloton to a ‘Street High’ $96 per share, up from $84 per share. Goldman Sachs stated that along with the absence of any material marketing spending, its weeks-long order backlog has persisted through the pandemic. The Final Round panel breaks down the details.

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