Peloton Interactive's (NASDAQ: PTON) rapid rise and even faster fall make for a great business case study. Shares were once a massive winner for investors, but since March 2021, they have cratered a jaw-dropping 96% (as of March 6). The company continues to deal with ongoing struggles as it tries to get back in shape.

Where will this beaten-down consumer discretionary stock be in three years? I see two potential scenarios.

If we assume that CEO Barry McCarthy and his leadership team can successfully orchestrate a turnaround, then Peloton will undoubtedly be the darling on Wall Street once again.

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Source Fool.com