Peloton Interactive

PTON

Market cap $2.14B

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Peloton (PTON +0.85%) stock is still trying to recover from decisions made during the pandemic.

Peloton (PTON) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

NEW YORK--(BUSINESS WIRE)--Peloton (NASDAQ: PTON) today announced the latest expansion of its “Let Yourself Go” brand platform, a cinematic collaboration featuring Hudson Williams alongside Peloton Instructors Tunde Oyeneyin and Adrian Williams, to celebrate the simple joy of movement. The platform serves as a cultural antidote to fitness fatigue, shifting the conversation from the obligation of exercise to the unleashing of a powerful sense of personal freedom. Directed by breakout creative fo.

Peloton (NASDAQ: PTON) CEOs have talked a good game since the exercise equipment company fell apart as the effects of the COVID-19 pandemic became less of a public worry.

Peloton Interactive (NASDAQ:PTON) currently trades at $4.64, while the average Wall Street analyst price target sits at $7.88, implying roughly 70% upside from current levels.

Peloton makes connected exercise equipment, with subscriptions being a key part of its business model. Peloton is attempting to reset its business now that the fad surrounding its exercise bikes has ended.

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Peloton Interactive (NASDAQ:PTON) shares shot up 5% to $4.80 in Monday morning trading after opening at $4.43.

A sustained move above $4.50 could open the door for further upside, while a move back below the level would suggest a failed breakout.