Why Peloton Could Be 2022's Comeback Stock of The Year
A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.
Digital fitness company Peloton Interactive (NASDAQ: PTON) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated.
There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022.
Source Fool.com
