1 Stock I Wouldn't Touch With a 10-Foot Pole -- and Here's Why
With the stock market at record highs, you'd think that the vast majority of companies would be thriving. However, this just isn't the case, as there is a wide range of outcomes from businesses in all different industries.
Consequently, some companies flat-out continue to struggle mightily with no end in sight, even though the economy has remained resilient. Here's one business that fits this category that I wouldn't touch with a 10-foot pole. And I don't think you should, either.
Shares of Peloton Interactive (NASDAQ: PTON) currently trade 98% off their peak price, a milestone achieved in January 2021. While this was one of Wall Street's hottest stocks during the pandemic, it has since become one of the most disappointing. And this is due to ongoing challenges that don't appear to be getting resolved anytime soon.
Source Fool.com
Peloton Interactive Inc. Stock
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
With a target price of 7 € there is potential for a 111.42% increase which would mean more than doubling the current price of 3.31 € for Peloton Interactive Inc..
