A Bull Market Is Coming: 3 Reasons to Buy Peloton Stock
Perhaps nothing is as startling as Peloton Interactive's (NASDAQ: PTON) monumental rise than its dramatic plunge. The fitness innovator has seriously fallen out of favor following a ridiculous demand surge during the worst of the coronavirus pandemic. As of this writing, shares are trading 96% below their all-time high from about two and a half years ago, reflecting investors' deep pessimism.
More recently, Peloton's latest financial results for its fiscal 2023 third quarter (ended March 31) were a mixed bag. Losses were worse than analysts expected, but revenue was better than anticipated. The business is still seemingly a long way from sustainable profitability as it continues executing its turnaround strategy.
To be clear, buying Peloton's stock today looks like a high-risk, high-reward move because there is a lot of uncertainty. But if there is a bull market on the horizon, investors will wish they owned shares. Here are three reasons why.
Source Fool.com
Peloton Interactive Inc. Aktie
Peloton Interactive Inc. ist ein kleiner Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 7 € für Peloton Interactive Inc. deutet auf eine Verdopplung des aktuellen Kurses von 2.92 € hin.
