3 Must-Know Facts About Peloton Before You Buy the Stock
Peloton Interactive (NASDAQ: PTON) made a splash recently when it reported its financial results for its fiscal 2024 fourth quarter (ended June 30). The market was ecstatic, sending shares 35% higher following the news that the business eked out a tiny revenue gain and continued to lower its net losses.
Before you rush to buy this bike stock while it still trades well below its all-time high, here are three things you need to know about Peloton.
When demand for its products was through the roof, Peloton was undeniably a hardware company. In fiscal 2021, 70% of the company's revenue was derived from the sale of exercise equipment. Peloton was actually having trouble meeting demand.
Source Fool.com
Peloton Interactive Inc. Stock
€4.21
-0.650%
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 4 Sell predictions.
With a target price of 5 € there is a slightly positive potential of 18.72% for Peloton Interactive Inc. compared to the current price of 4.21 €.
