Is Peloton Stock a Buy?

Even after surging nearly 60% so far in 2020, shares of Peloton Interactive (NASDAQ: PTON) could rise another 33% in the coming months.

So says SunTrust Robinson Humphrey analyst Youssef Squali. Squali reiterated his buy rating and boosted his target price for Peloton's stock to $60 per share, up from $52, on Tuesday. Squali says Peloton is benefiting as more people choose to exercise at home during the coronavirus pandemic, rather than at crowded gyms or in group fitness classes.

People are using Peloton's connected exercise equipment to work out in the comfort of their own homes during the COVID-19 crisis. Image source: Peloton Interactive.