Peloton Gets a Big Boost From Lululemon
One of the key challenges (NASDAQ: PTON) has growing its streaming fitness business is reaching enough subscribers to achieve a profitable scale. This week, the company got some help from Lululemon (NASDAQ: LULU), which is shutting down its Mirror product and will include Peloton in membership subscriptions.
In this video, Travis Hoium covers why this partnership is a win for both companies and could create a blueprint for Peloton in the future.
*Stock prices used were end-of-day prices of Sept. 28, 2023. The video was published on Sept. 29, 2023.
Source Fool.com
Peloton Interactive Inc. Stock
€4.83
-0.210%
Peloton Interactive Inc. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
As a result the target price of 9 € shows a very positive potential of 86.34% compared to the current price of 4.83 € for Peloton Interactive Inc..
