Can Beachbody Become the Next Peloton?

Beachbody (NYSE: BODY) is yet another in the parade of companies that went public via SPAC and surged on initial excitement but have since fallen out of favor with investors. Beachbody plummeted from its 52-week high of $18.20 to under $6 at time of writing. Based on this performance, Beachbody seemingly has little in common with a high-flying growth stock like Peloton (NASDAQ: PTON).

But the market is ignoring the possibility that Beachbody could become the next Peloton, currently trading at a bargain level, if it can become a fully fledged digital fitness ecosystem.

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Source Fool.com