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Baird initiates Peloton at outperform with $28 price target

On Wednesday, Baird initiated coverage of Peloton with an outperform rating and $28 price target on the premise that Peloton has created a disruptive platform with premium content. Despite the bullish initiation, Baird does not think Peloton will be profitable for at least another 5 years. Myles Udland and Akiko Fujita discuss on The Final Round.