Why Peloton Stock Dropped 19% in February
Shares of connected fitness giant Peloton Interactive (NASDAQ: PTON) fell 19% in February, according to data provided by S&P Global Market Intelligence. The company reported its fiscal second-quarter results, and investors weren't too happy about them.
It's hard to believe that not too long ago, Peloton was riding high as a pandemic-era darling. Sales were soaring, and demand was so high the company couldn't meet it.
But that came crashing down quickly. Part of the problem was that the company itself made some mistakes, such as building out more than necessary. Part of it was the dramatic decline in demand when lockdowns ended. Altogether, sales have been decreasing, losses are mounting, and there aren't any simple solutions.
Source Fool.com
Peloton Interactive Inc. Stock
€3.62
-3.410%
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 65.88% compared to the current price of 3.62 € for Peloton Interactive Inc..
