Fintel reports that on March 14, 2025, Canaccord Genuity upgraded their outlook for Peloton Interactive (NasdaqGS:PTON) from Hold to Buy. Analyst Price Forecast Suggests 63.44% Upside As of March 5, 2025,

The rise in Peloton’s stock reflects investor optimism following Canaccord Genuity analyst Susan Anderson’s reassessment of the company’s prospects. Anderson cites Peloton’s position as a leader in the connected fitness industry, with a substantial and loyal member base of 6 million that generates a high-margin recurring revenue stream.

Peloton Interactive (NASDAQ:PTON) jumped in early trading on Friday after Canaccord Genuity upgraded the fitness equipment stock to a Buy rating after having it set at Hold. The firm thinks Peloton (NASDAQ:PTON) is close to reaping the benefits of being the clear leader in the connected fitness market.