1 Cheap Tech Stock to Buy Right Now

Just because a stock has tripled in the last five months doesn't necessarily make it overvalued. It can also mean the market is just starting to catch on.

Considering the value of any business is the present value of all future cash flows, Peloton Interactive (NASDAQ: PTON) still looks like a bargain tech stock.

Peloton has developed an incredible product and user experience. But don't take my word for it -- just look at how the company has more than doubled its Connected Fitness members (those who own a Peloton exercise bike or treadmill and subscribe to the interactive content) every year for the last six years running. That's how a company goes from selling its first bike in 2014 to having 1.1 million Connected Fitness subscribers just six years later.

Source Fool.com