How Far Can Peloton Interactive Go Selling $2,000 Bikes?
Peloton Interactive (NASDAQ: PTON) just completed its initial public offering in September, and it already commands a market capitalization of over $8 billion. Investors are clearly putting a lot of faith in the company's future growth since it hasn't reported any profits yet.
That said, revenue is climbing fast, but what every growth investor wants to know is how much Peloton can really grow over time selling bikes and treadmills that cost more than $2,000. In other words, is this a stock that can make you rich? Let's find out.
Image source: Peloton Interactive.
Source Fool.com
