Is Peloton Stock Ready to Make a Comeback?
In 2021, investors in stay-at-home favorites like Zoom Video Communications (NASDAQ: ZM) have been disappointed, with most of these stocks negative for the year while the S&P 500 index has soared over 20% year to date. Peloton Interactive (NASDAQ: PTON), the company that sells at-home workout equipment and online workout subscriptions, has seen the same fate, with its stock down a whopping 40% year to date as of this writing. This is due to a rise in subscription churn and an equipment recall this spring.
If you're an investor in Peloton, there's no doubt you're hoping the rest of 2021 and future years are a lot better for this stock. Is Peloton ready to make a comeback? Let's take a look.
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Source Fool.com
