** Shares of exercise equipment maker Peloton Interactive PTON.O rise 25% to $9.40 in early trading
** Co raises FY adjusted EBITDA forecast by $60 mln to $300 mln - $350 mln, driven by continued operating cost savings
** Co raises its connected fitness subscriptions to between 2.75 mln and 2.79 mln, reflecting an increase of 55,000 subscribers at the midpoint
** PTON records Q2 net revenue of $673.9 mln vs estimates of $654.04 mln, according to data compiled by LSEG
** 3 out of 22 brokerages rate the stock "buy" or higher; 17 "hold" and 2 "sell"; their median PT is $
** Stock up ~42.86% in 2024
(Reporting by Rishab Shaju in Bengaluru)
((Rishab.shaju@thomsonreuters.com))
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