3 WallStreetBets Stocks Wall Street Predicts Will Rally 90% to 175%

Subreddit WallStreetBets took the investing world by storm last year, with its members, who are largely retail investors, betting on heavily shorted companies and squeezing out short-selling institutional investors. The forum had garnered attention worldwide after triggering…

skyrocketing rallies of GameStop Corp.’s (GME) and AMC Entertainment Holdings, Inc.’s (AMC) stock. Although the forum is known for taking bets on heavily shorted companies, it also discusses and bets on companies with sound fundamentals and good growth prospects.

Peloton Interactive, Inc. (PTON – Get Rating), Virgin Galactic Holdings, Inc. (SPCE – Get Rating), and Canoo Inc. (GOEV – Get Rating) are being discussed frequently on the forum, and Wall Street analysts expect the names to gain between 90% and 175% in price, respectively, in the near term.

Peloton Interactive, Inc. (PTON – Get Rating)

New York City-based PTON provides a connected, technology-enabled interactive fitness platform. The company offers services that include instructor-led boutique classes for its customers. Also, its product portfolio includes Peloton Bike, Peloton Bike+, Tread and Tread+, bike mat, heart rate monitor, and dumbbells. It has received 59 mentions in the WSBs  forum over the past 24 hours.

On Nov. 9, 2021, PTON announced its first connected strength product, the Peloton Guide. The Guide is an AI-enabled device that provides members instant access to a suite of expert instructors and other PTON content libraries over a television. PTON’s Co-founder and Chief Product Officer Tom Cortese said, “Peloton Guide demystifies strength training to create a more engaging experience that will help Members stay motivated.”

PTON’s total revenue for its first fiscal quarter, ended Sept. 30, 2021, increased 6.2% year-over-year to $805.20 million. The company’s connected fitness subscription increased 87% year-over-year to 2.49 million, while its connected fitness subscription workouts came in at 120.50 million, representing a 55% increase year-over-year.

Analysts expect PTON’s EPS and revenue for its fiscal 2023 to increase 69.5% and 24.4%, respectively, year-over-year to $0.87 and $5.61 billion Over the past year, the stock has lost 89.9% in price to close the last trading session at $27.06. However, Wall Street analysts expect the stock to hit $52.17 in the near term, indicating a potential 92.8% upside..

Virgin Galactic Holdings, Inc. (SPCE – Get Rating)

Headquartered in Las Cruces, New Mexico, SPCE is an aerospace company that is focused on developing, manufacturing, and operating spaceships and related technologies to conduct commercial human spaceflight and fly commercial research and development payloads into space. It has received 16 mentions on WSBs forum over the past 24 hours.

On Sept. 2, 2021, SPCE announced its ‘Unity 23’ test flight, its first commercial human-tended research mission. The flight will carry paying crew members from the Italian Air Force and the National Research Council. The mission seeks to evaluate and measure the human body’s transitional phase from gravity to microgravity. The mission seeks to produce insights relevant to current and future…

 

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