Why Peloton Stock Is a Great Buy Today
2021 was a rough year for Peloton Interactive (NASDAQ: PTON), with shares falling 77.4% from their highs early in the year. Not only did people start going back to work, reducing demand for Peloton's bikes, but the company also had a high-profile recall of its treadmill, and financial results suffered as the year went on.
Shares are now approaching their pre-pandemic levels -- but since the pandemic began Peloton has more than tripled its subscriber numbers, which is why investors loved this growth stock in the first place. I think there's something missing in investors' view of this company, and long-term it's still a great buy.
Image source: Peloton.
Source Fool.com
