Can This Beaten-Down Stock Skyrocket More Than the "Magnificent Seven" Over the Next 5 Years?
In the years since its business boomed during the social-distancing phases of the pandemic, Peloton Interactive (NASDAQ: PTON) has been dealing with ongoing challenges, and it's trying to get back to its winning ways. A new leadership team is implementing changes to get the struggling company on a path to achieving growth and financial soundness.
Shareholders have been feeling the pain. As of this writing, the consumer discretionary stock is 97% below the peak price it reached in January 2021. Maybe there's upside for patient investors. But does beaten-down Peloton have a shot to grow by more than the "Magnificent Seven" stocks over the next five years?
In its fiscal 2024 second quarter, which ended Dec. 31, Peloton reported a sales drop of 6%. That continued a streak of shrinking revenue. It should come as no surprise, then, that the executive team is trying urgently to get the company back to growth. Management is attempting a bunch of different things to spur demand, including stationary bike rentals, retail partnerships, an upgraded digital app, and content partnerships.
Source Fool.com
Peloton Interactive Inc. Stock
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
With a target price of 7 € there is potential for a 109.8% increase which would mean more than doubling the current price of 3.34 € for Peloton Interactive Inc..
