Wolfe Adds Peloton and Snap to Tactical Outperform List with Favorable Earnings Outlook

Wolfe Research has added Peloton Interactive and Snap to its Tactical Outperform List, citing favorable near-term earnings setups for both companies. Wolfe sees Peloton's ability to deliver FY'26 EBITDA upside beyond guidance range and Snap's Q4:25 and Q1:26 EPS setup as friendly. Both stocks trade at low multiples relative to expected earnings momentum, making their valuations appealing.