Investor sets Peloton price target at $150 per share
Gregg Smith of Evolution VC Partners on Snap and Peloton stock.
Peloton Interactive will acquire fitness-equipment company Precor Inc. in a move that will accelerate its manufacturing after being inundated with orders and shipping delays during the pandemic.
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The New York City-based home-fitness company, known for its spin bikes and treadmills with screens that let users stream workouts live and on-demand, will acquire Precor Inc. for $420 million, Peloton announced Tuesday.