Why Peloton Interactive Inc. (PTON) Went Up On Friday?

We recently published a list of 10 Stocks Lead Friday’s Charge. In this article, we are going to take a look at where Peloton Interactive Inc. (NASDAQ:PTON) stands against other stocks that lead Friday’s charge.

The stock market finished in the green territory on Friday, albeit muted trading persisted over the lack of catalysts to fuel investing appetite.

The tech-heavy Nasdaq led gains among Wall Street’s benchmark indices, finishing up by 0.52 percent. Meanwhile, both the Dow Jones and S&P 500 ended the week eking out 0.08-percent gains.

Ten companies mirrored the broader market optimism, finishing the week with modest gains. In this article, we have identified today’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.

A group of people in a fitness class with connected fitness products in a studio or gym.

Peloton Interactive Inc. (NASDAQ:PTON)

Peloton Interactive rose by 6.75 percent on Friday to end at $6.96 apiece as investors repositioned portfolios amid a mostly muted trading week for the company.

Despite the sideways trading, PTON finished in the green territory, helped by an optimistic outlook from Canaccord, which gave the company a “buy” rating from “hold” previously, citing progress in rebounding to profitability coupled with its strong position in the fitness industry.

It also gave the company a $10 price target, representing a 43.7-percent upside from its latest stock price.

According to Canaccord, PTON is well-positioned for future growth, supported by a loyal member base of 6 million.

For the full year 2025, Canaccord expects PTON to achieve between $300 million and $350 million in adjusted EBITDA, a significant jump from the $3.5 million in the full year 2024.

Additionally, it sees revenues to inflect next year with new initiatives to be supported by subscriber growth by 2027.

Overall, PTON ranks 4th on our list of stocks that lead Friday’s charge. While we acknowledge the potential of PTON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as PTON but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.