Advertisement
Canada markets close in 1 hour 38 minutes
  • S&P/TSX

    22,043.14
    +171.18 (+0.78%)
     
  • S&P 500

    5,075.80
    +65.20 (+1.30%)
     
  • DOW

    38,532.05
    +292.07 (+0.76%)
     
  • CAD/USD

    0.7321
    +0.0020 (+0.27%)
     
  • CRUDE OIL

    83.39
    +1.49 (+1.82%)
     
  • Bitcoin CAD

    91,299.34
    +315.01 (+0.35%)
     
  • CMC Crypto 200

    1,437.69
    +22.93 (+1.62%)
     
  • GOLD FUTURES

    2,342.20
    -4.20 (-0.18%)
     
  • RUSSELL 2000

    2,008.65
    +41.18 (+2.09%)
     
  • 10-Yr Bond

    4.5860
    -0.0370 (-0.80%)
     
  • NASDAQ

    15,722.68
    +271.38 (+1.76%)
     
  • VOLATILITY

    15.92
    -1.02 (-6.02%)
     
  • FTSE

    8,044.81
    +20.94 (+0.26%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • CAD/EUR

    0.6836
    -0.0014 (-0.20%)
     

Why Peloton Interactive Stock Is Up 10% Today

Why Peloton Interactive Stock Is Up 10% Today

Shares of Peloton Interactive (NASDAQ: PTON) jumped 10% in morning trading Monday after Goldman Sachs (NYSE: GS) aggressively increased its price target to $84 per share from its previous target of $64. Peloton closed out last week at $58.53 per share. The COVID-19 pandemic has caused an outsize increase in demand for personal at-home fitness gear and classes, and Goldman believes Peloton will benefit from the "sustained" nature of the growth.