What Happened to Peloton Stock?
It would be hard to envision three years ago. Yet, as we sit here today, shares of Peloton Interactive (NASDAQ: PTON) are down 98% from all-time highs set back in 2021. The at-home fitness giant has seen its fortunes dwindle, with the share price down to a measly $3 as of this writing. It has seen stagnating subscriber growth, continues to lose money, and has a teetering balance sheet that just got refinanced.
What happened to Peloton stock? And what can investors learn from it? Let's take a closer look and find out.
Last quarter, Peloton's financials looked similar to the last few years, which is not a good thing. Subscriber numbers are stagnating, with paid-fitness subscriptions at slightly over 3 million, flat year over year and up 2% quarter over quarter. With equipment revenue dropping, Peloton's overall sales fell yet again in the quarter, down 4% year over year to $717 million.
Source Fool.com
Peloton Interactive Inc. Stock
Peloton Interactive Inc. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
Based on the current price of 4.14 € the target price of 9 € shows a potential of 117.39% for Peloton Interactive Inc. which would more than double the current price.
