Buy, Sell, or Hold Peloton Stock at $31 a Share?
Peloton Interactive (NASDAQ: PTON) was the ultimate "stay-at-home" stock in 2020, as more people rushed to buy at-home fitness equipment to stay active. But the return to normal routines has caused some confusion about Peloton's growth trajectory. The stock has acted like it's in a pinball machine, bouncing all over the place. After soaring to a high of $171 in early 2021, the share price has sunk all the way to around $31 at the moment.
Should investors buy, sell, or hold? With the share price approaching the $30 level, the valuation is starting to look very tempting. After all, low valuations can set the stage for market-beating returns, as they did when Peloton was trading around this same level two years ago.
Here's why it's time to take a second look at Peloton.
Source Fool.com
