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
€4.05
2.230%
With 12 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 potential for a 122.22% increase which would mean more than doubling the current price of 4.05 € for Peloton Interactive Inc..
