When consumers were looking for ways to work out from the comfort of their homes during the pandemic, Peloton Interactive (NASDAQ: PTON) saw demand pick up dramatically. However, the company has been facing some serious challenges after that boom period. Leadership changes have occurred, and the goal of growing sales and getting to profitability has not changed.

As of this writing, the consumer discretionary stock trades at a gut-wrenching 98% off its peak price. This might have caught the attention of risk-seeking investors. Perhaps Peloton's most bullish supporters believe it can skyrocket more than the "Magnificent Seven" stocks over the next five years.

We're a long way from when Peloton was registering monster triple-digit sales gains. During the fiscal 2024 third quarter (ended March 31), the company generated revenue of $718 million. That represented a 4% year-over-year decline, continuing a streak of negative sales trends. It's no surprise that the executive team's top priority is to drum up demand, whether through a rental program, retail and content partnerships, or an upgraded digital app.

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Source Fool.com