Peloton stock heads for best day on record after coronavirus drives demand surge
Analyst calls company an ‘unstoppable juggernaut’
Peloton Interactive Inc. is having trouble keeping up with the rush of demand for its exercise bikes amid the COVID-19 epidemic and analysts are optimistic that the company could keep seeing big benefits even after the worst of the crisis is over.
The stock PTON, +16.01% is up more than 15% in Thursday trading following the company’s latest earnings report and it’s on pace for its largest single-day percentage gain on record.
Peloton saw “a significant increase in demand” for its spin bike in the final weeks of the March quarter, to the point where the company now has an extended backlog because it can’t… READ MORE @ Marketwatch