Macro Strategy: Peloton’s Gym of the Market

What’s fueling this workout? A bullish nod from Goldman Sachs. In the wake of Peloton’s unexpectedly sterling quarterly numbers, the investment firm’s analyst note flipped the stock from a lackluster “neutral” to a resounding “buy.” Not only that, but Goldman pushed the one-year price target from a meager $7 per share up to a meaty $11.50-hinting at a still-waiting-for-its-moment upside of roughly 47%. It’s the corporate equivalent of trading in your old dumbbells for a state-of-the-art home gym.








