Reddit Traders Continue to Like Peloton (PTON) Stock's Volatility

Peloton Interactive, Inc. (NASDAQ:PTON) is one of the best WallStreetBets stocks to buy according to analysts. Peloton Interactive, Inc. (NASDAQ:PTON) continues to be popular among Reddit traders, who are drawn to its stock price volatility. Currently, the stock has a median upside potential of 49.25% based on ratings from 19 analysts. The highest assigned price target is $10, which implies 148.76% upside from here.

On February 10, Argus Research analyst John Staszak downgraded Peloton Interactive, Inc. (NASDAQ:PTON) from Buy to Hold without disclosing any price target. The firm pointed to strong competition from both traditional gyms and other at-home fitness providers, which has led to a decline in the company’s subscriptions since the pandemic ended. The analyst said that this pressure is expected to continue in the short term.

Despite these challenges, the firm believes Peloton Interactive, Inc. (NASDAQ:PTON) can eventually regain its position as a leader in the at-home fitness industry. Moreover, Argus analysts note that the company’s online cycling classes, which were once very popular, appear to be attracting less interest from users.

In contrast to Argus Research, Roth MKM appears to have a more positive view of Peloton Interactive, Inc. (NASDAQ:PTON). On February 6, George Kelly from Roth MKM maintained a Buy rating along with the price target of $10 on the stock.

Peloton Interactive, Inc. (NASDAQ:PTON) operates as a provider of wellness and fitness products and services across North America and globally. It provides connected fitness products, including Peloton Tread, Peloton Bike, Peloton Tread+, Peloton Bike+,  and Peloton Row. The company is based in New York, New York, and was incorporated in 2012.

While we acknowledge the potential of PTON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.