Peloton Stock Rises as Analyst Says It's at a 'Turning Point'
1. Canaccord Genuity upgraded PTON to 'buy' from 'hold.' 2. Peloton reported quarterly results exceeding analyst expectations despite declining revenue. 3. The stock jumped nearly 10% post-upgrade, signaling investor confidence. 4. Peloton hasn't seen unadjusted quarterly profit since 2021. 5. Company has a loyal member base of 6 million.