Despite same-day reports of a recall and patent infringement suit against the booming bike-maker, shares of Peloton nabbed a new all-time high on Thursday, and the latest–and most bullish call on the stock yet–indicates shares could go even higher.... [+]While the broader market fell for a third-straight day, shares of Peloton climbed nearly 4%–closing the day at $136.43–the highest close ever for the e-bike giant.
Truist Securities Managing Director Youssef Squali also raised his Peloton price target, to $144 from $115, on Wednesday–following a survey, conducted by Truist, of 1,500 consumers that revealed promising prospects for Peloton.
Not interested in brand any longer has become too political for me
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