2 Reasons It's Not Too Late to Buy Peloton Stock
Shares of Peloton Interactive (NASDAQ: PTON) have delivered a nearly fivefold return from their initial public offering price in 2019. But the stock is down 19% year to date, which can be attributed to a few things.
Investors are concerned with looming headwinds, including the recent Tread recall and what will happen to Peloton's growth as the economy reopens. Looking at the bigger picture, I believe these obstacles are bumps in the road that Peloton can easily speed past.
Peloton just announced a partnership with UnitedHealth (NYSE: UNH) to expand access to fitness classes to eligible UnitedHealth members. What's more, Peloton is just beginning to penetrate international markets. These are big catalysts that investors are overlooking right now.
Source Fool.com
