Peloton Is Down 97%: Is It Time to Buy and Hold this Beaten-Down Stock?
While the market continues to hit fresh all-time highs, some companies couldn't be struggling more. Peloton Interactive (NASDAQ: PTON) is one such unfortunate business.
The fitness enterprise reported mixed results for its fiscal 2024 second quarter (ended Dec. 31). But investors really weren't pleased with the new info that was revealed, as the consumer discretionary stock fell more than 20% on the day of the announcement.
This means that shares are down 97% from their peak price roughly three years ago. Should you take advantage of this dip to buy and hold the beaten-down stock right now?
Source Fool.com
Peloton Interactive Inc. Stock
€3.81
1.710%
Our community is currently high on Peloton Interactive Inc. with 11 Buy predictions and 4 Sell predictions.
As a result the target price of 6 € shows a very positive potential of 57.54% compared to the current price of 3.81 € for Peloton Interactive Inc..
