Why Peloton Stock Soared Over 50% This Week
Shares of Peloton Interactive (NASDAQ: PTON) soared over 50% this week, according to data from S&P Global Market Intelligence. The at-home fitness company stabilized its revenue growth and improved cash flow, but is still losing subscribers each quarter.
After the pandemic, Peloton's business collapsed, leading the stock to fall more than 98%. Even after this week's pop, the stock is still off 97% from all-time highs, meaning anyone who invested $100 at the top only has $3 today.
Here's why Peloton Interactive stock rocketed higher this week.
Source Fool.com
Peloton Interactive Inc. Stock
€5.54
-1.090%
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Peloton Interactive Inc..
With a target price of 9 € there is a hugely positive potential of 62.45% for Peloton Interactive Inc. compared to the current price of 5.54 €.
