3 Reasons to Buy Peloton Stock for 2022
Interactive exercise equipment pioneer Peloton (NASDAQ: PTON) is struggling with the economic reopening. The company experienced a surge in demand for its at-home exercise equipment when economies were in various stages of lockdown. Many gyms were closed, and folks were hesitant to visit those that were open for fear of contracting COVID-19.
Now that billions of doses of an effective vaccine against the virus have been administered, people are more willing to exercise at gyms and other places away from home again. The trend is putting a pause on Peloton's surging revenue growth and causing investors concern. However, the stock price has crashed enough to make Peloton an excellent opportunity for long-term investors. Here are several reasons why.
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Source Fool.com
