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Peloton hits new high after Stifel bullish on ‘holiday-like demand’

Shares of Peloton hit a new high on Monday after Stifel analyst Scott Devitt raised his price target on the stock to $62 from $55, while maintaining a ‘buy’ rating. The reason for the renewed vote of confidence comes from ‘holiday-like demand’ due to shifting consumer behavior, gym closures / social contact avoidance, among other reasons. The Final Round panel discusses the bullish call.