Where Will Peloton Stock Be in 3 Years?
's (NASDAQ: PTON) stock closed at its record high of $167.42 on Jan. 13, 2021. That marked a 477% gain from its IPO price of $29 on Sept. 26, 2019. At the time, the bulls were dazzled by the exercise bike maker's explosive growth rates.
Peloton's revenue doubled in fiscal 2020 (which ended in June 2020) and surged 120% in fiscal 2021. Most of that growth was driven by the pandemic, which forced people to stay at home and caused brick-and-mortar gyms to shut down. But after the pandemic ended, its revenue dropped 11% in fiscal 2022 and declined another 22% in fiscal 2023. It remained deeply unprofitable, even though it gradually narrowed its net losses by executing thousands of layoffs.
Image source: Peloton.
Source Fool.com
Peloton Interactive Inc. Stock
€3.56
-4.970%
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 68.61% compared to the current price of 3.56 € for Peloton Interactive Inc..
