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Could Apple Acquire Peloton in 2024? 2 Things Investors Should Know About the Rumors

TheMotleyFool 
0 0 03.02.24
Could Apple Acquire Peloton in 2024? 2 Things Investors Should Know About the Rumors: https://g.foolcdn.com/editorial/images/763320/pointing-and-pondering.jpg
 

Thanks to its lineup of incredibly popular hardware products, and its budding services and software offerings, Apple (NASDAQ: AAPL) has become one of the most valuable businesses on the face of the planet. Its expertise and dominant success in the consumer-focused tech world could be beneficial when it comes to potential acquisitions.

Consider Peloton Interactive (NASDAQ: PTON). This once-thriving exercise equipment and app enterprise has experienced falling demand and ongoing net losses. Maybe its turnaround plans could get a boost with some help.

With its massive financial resources, is there a possibility the iPhone maker will go out and buy the struggling fitness company? Here are two important things that investors should know about the ongoing rumors of this deal.

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Source Fool.com

Peloton Interactive Inc. Stock

€3.31
2.300%
There is an upward development for Peloton Interactive Inc. compared to yesterday, with an increase of €0.073 (2.300%).
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 111.42% increase which would mean more than doubling the current price of 3.31 € for Peloton Interactive Inc..
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