Peloton's market valuation can double by 2024 with growth similar to Apple and Netflix, says Stifel

New for subscribers: Peloton's market valuation can double by 2024 with growth similar to Apple and Netflix, says Stifel Check out CNBCPro today.

Some investors might view Apple's new fitness service as a threat to Peloton, but Stifel said that is not the case.

market value doubling to $60 billion from $30 billion over the next four years, with an annualized return of 19%. Stifel arrives at its bold call for Peloton's future by comparing the newly public stationary bike company to streaming pioneer

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