1 Stock I Wouldn't Touch With a 10-Foot Pole -- and Here's Why
Once upon a time, Peloton Interactive (NASDAQ: PTON) was a hot ticket. Millions of people were stuck at home during the lockdowns of the coronavirus pandemic, so Peloton's home gym equipment was flying off the shelves. Annual sales soared from $1.8 billion in 2019 to $2.0 billion in 2022. At its peak, Peloton's stock was worth $167 per share with a market cap of $49.3 billion.
But the company started to fall apart as soon as the pandemic faded out and people returned to the gym. More traditional fitness companies such as Planet Fitness (NYSE: PLNT) and Life Time Group (NYSE: LTH) more than doubled their trailing sales in the last three years while Peloton's revenue fell by one-third instead:
Source Fool.com
Peloton Interactive Inc. Stock
€2.67
1.140%
Our community is currently high on Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
Based on the current price of 2.67 € the target price of 7 € shows a potential of 162.32% for Peloton Interactive Inc. which would more than double the current price.
