At-Home Workouts Are at an All-Time High: Is Peloton Stock a Buy?
Everyone's talking about Peloton (NASDAQ: PTON) these days because it's a work-from-home story that's been on fire amid the COVID-19 pandemic. The fact the stock has appreciated by nearly 430% so far this year has certainly contributed to the chatter.
There's no doubt Peloton's business is booming. But will that continue?
Peloton's business has certainly been supercharged by COVID-19. Clearly, many more people are staying home, working from home, and avoiding public gyms more often. Peloton offers its subscribers a home-based interactive home-fitness platform with compelling fitness content and a social element of competing with or against friends. That offering has been extremely compelling during the pandemic.
Source Fool.com
