Deutsche Bank initiates Peloton at buy, says the stock can rebound more than 70%

thumbnail
Jesse Pound@/in/jesse-pound@jesserpound
WATCH LIVE
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19).
Ezra Shaw | Getty Images

It's time for investors to hold their nose and buy Peloton despite its recent struggles, according to Deutsche Bank.