Peloton Interactive is on a track for growth and shares look like a buy, said Canaccord analysts. Susan Anderson and Alec Legg upgraded shares of the at-home fitness company to Buy from Hold and maintained a price target of $10. “Peloton is the clear leader in the connected fitness industry, which they invested in early on and built a 6M loyal member base that has a high-margin recurring revenue stream,” the analysts wrote.
Oracle (ORCL) has emerged as “a leading contender” to help run TikTok as part of a deal President Donald Trump is orchestrating to satisfy last year’s divest-or-ban law, reports Jing Yang, Juro Osawa, Anissa Gardizy and Sri Muppidi of The Information, citing investors, bankers and former executives familiar with the matter. ByteDance management prefers Oracle, while President Trump has also indicated his support for Oracle playing a key role, though ByteDance’s leaders want to retain a hands-on
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