Could Peloton Be a Millionaire-Maker Stock?
What does it take for a stock to mint a millionaire? It depends on how big the investment is and how big the return is. For example, a pedestrian 12% return on a $900,000 investment would make someone a millionaire. But a mind-blowing 100,000% return would turn a $1,000 investment into $1 million as well. However, neither of these examples demonstrate what I mean by "millionaire-maker stock." I'm referring to something rare yet realistic: A stock that goes up 100 times in value.
Could connected-fitness company Peloton Interactive (NASDAQ: PTON) reach legendary 100-bagger status from today's price? One thing's for sure: it's certainly going to try.
Image source: Peloton Interactive.
Source Fool.com
