Why Peloton Stock Surged Higher, Then Sank Today
Shares of leading connected fitness stock Peloton Interactive (NASDAQ: PTON) rose as much as 14% before reversing to a 1% decline as of noon ET on Thursday, according to data provided by S&P Global Market Intelligence.
Peloton posted a surprise profit during its fourth-quarter earnings call, rocketing past analysts' expectations.
Although sales dipped 6%, gross profits grew 5%, and free cash flow (FCF) quadrupled, suggesting that its turnaround may be taking hold.
Source Fool.com
Peloton Interactive Inc. Stock
€4.00
-0.740%
Peloton Interactive Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
Based on the current price of 4.0 € the target price of 9 € shows a potential of 125.0% for Peloton Interactive Inc. which would more than double the current price.
