Where Does Peloton Stock Go From Here?
Sometimes a blowout isn't enough. Peloton Interactive (NASDAQ: PTON) came through with one of the best earnings reports of the summer last week, but Wall Street wasn't impressed. The fast-growing player that has cornered the market for high-end at-home fitness exceeded expectations and offered rosy guidance, but the shares still moved 4% lower on Friday.
To be fair, it's not as if shareholders are hurting after Friday's reactionary downticks. Peloton has still nearly tripled in 2020, entering the new trading week up 196% year to date. Let's take a closer look at where Peloton goes from here as it ends fiscal 2020 in as great shape as some of its dedicated stationary bicycle and treadmill users.
Image source: Peloton Interactive.
Source Fool.com
