Goldman Sachs is turning bullish on Peloton after the company's financial results soothed many investor worries. Analyst Eric Sheridan upgraded the connected fitness company to buy from neutral and lifted his 12-month price target to $11.50, which suggests more than 61% potential upside. His previous price target was $7 per share. "In total, we see PTON as a story with new [management], new initiatives aimed at platform growth and monetization for the next few years and a scope for higher incremental returns on capital in the form of free cash flow conversion," Sheridan said in a note to clients, adding that further details from the company on these strategies could propel investor confidence over the next 12 to 18 months. Sheridan's upgrade comes after Peloton on Thursday exceeded Wall St

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