Prediction: Peloton Stock Will Skyrocket, but Only If This Happens
While investors benefit from a raging bull market, it's interesting to see companies that continue to underperform. (NASDAQ: PTON), for example, is currently 97% below its all-time high. And shares have dropped 66% in the last 12 months (as of Feb. 14).
This consumer discretionary stock was once a darling on Wall Street. But it has been pedaling backward for the past few years.
As of this writing, the beaten-down shares are trading at a price-to-sales (P/S) ratio of 0.6. That's ridiculously cheap, demonstrating the extremely low expectations investors have.
Source Fool.com
Peloton Interactive Inc. Stock
€3.60
-3.970%
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 66.85% compared to the current price of 3.6 € for Peloton Interactive Inc..
