Is the Sell-Off in Peloton Overblown?
Peloton Interactive (NASDAQ: PTON) was once on top of the world. Incredible demand pushed the shares to new heights. More than five years ago in January 2021, the company's market cap approached $50 billion.
The fundamentals drastically weakened following the depths of the COVID-19 pandemic. And Peloton now trades 98% below its peak (as of March 11). Is the sell-off in this bike stock overblown?
Image source: The Motley Fool.
Source Fool.com
Peloton Interactive Inc. Stock
€3.94
-3.940%
Peloton Interactive Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
Based on the current price of 3.94 € the target price of 9 € shows a potential of 128.43% for Peloton Interactive Inc. which would more than double the current price.
