https://wccftech.com/peloton-nasdaq-pton-poised-for-a-new-all-time-high-on-the-back-of-smashing-q3-2020-earnings-and-a-string-of-upgrades-from-cowen-nasdaq-cown-and-others/

Peloton (NASDAQ:PTON) – the company that specializes in providing home fitness equipment as well as interactive online classes – has seen its share price rocket higher amid the spatial distancing measures enacted to curb the spread of the coronavirus (COVID-19) pandemic. Following a stellar Q3 2020 earnings report yesterday and the corresponding stock price upgrades from analysts, the indoor fitness brand’s shares seem poised for a fresh zenith.

For the three months that ended on the 31st of March 2020, Peloton reported $524.6 million in revenue, thereby, exceeding consensus expectations by $33.52 million. Crucially, the company’s connected subscribers grew to 866,000 while equipment sales increased by 61 percent on an annual basis to $420.2 million.