Peloton Investors: A 2020 Survival Guide
Peloton (NASDAQ: PTON) is pedaling in the right direction in 2020. As of Tuesday, the high-end fitness specialist had treated its shareholders to a 10% gain in January -- and that was before a pair of analysts boosted their price target on Wednesday ahead of next week's quarterly report.
The maker of pricey treadmills and stationary bikes began this year just below September's debut price of $29, but it's not a broken IPO anymore. Peloton has recovered impressively since being lampooned for a debatably out-of-touch marketing campaign it debuted during the holiday shopping season, and now that folks are trying to live up to their New Year's resolutions to cultivate more active lifestyles, the company is shaping up to be a smart choice for well-to-do fitness seekers. Last year's results weren't much to write home about for Peloton shareholders, but 2020 seems far more promising.
Image source: Peloton.
Source Fool.com
