$PTON Potential Channel Break Targets for Peloton
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PTON Stifel analyst Scott Devitt raised the firm's price target on Peloton to $72 from $62 and keeps a Buy rating on the shares. Devitt's observations across the home fitness category suggest consumer interest in building out quality home gym setups, including Pelotons, remains elevated, adding that Peloton order-to-delivery windows remain wide across major metros, indicating Bike demand has sustained well into the summer. The analyst expects orders to continue to outperform expectations over the next several quarters.