Is It Time to Buy Peloton Stock? Here's the Good News and the Bad News.
Peloton Interactive (NASDAQ: PTON) went public in 2019 at $29 per share, and by December 2020 it had more than quintupled to a peak of around $163. Consumers were lining up to buy the company's at-home exercise equipment at the height of the pandemic so they could stay fit while lockdowns and social restrictions were in effect.
But Peloton experienced a collapse in demand when society returned to normal, which led to plummeting revenue and surging losses at the bottom line. The company was even fighting for survival at one point, until management made a series of changes to slow the bleeding.
Peloton isn't totally out of the woods just yet, but its recent financial results suggest the company will live to fight another day. With the stock down 95% from its all-time high, could this be a good time for investors to buy?
Source Fool.com
Peloton Interactive Inc. Stock
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Peloton Interactive Inc..
With a target price of 9 € there is a positive potential of 39.73% for Peloton Interactive Inc. compared to the current price of 6.44 €.
