Could Peloton Help You Become a Millionaire by 2030?

It hasn't been pretty for Peloton Interactive (NASDAQ: PTON) investors over the past year. The company's stock, which skyrocketed during the pandemic, has lost 70% of its value since April 2021, and the near-term outlook looks bleak. Management is going through an overhaul, and it's launching all sorts of ventures to try to get back on track. Can this one-time investor darling still deliver high gains? And can it help you on the way to millionaire status by 2030?

Peloton was a small, niche company when it went public at the end of 2019. It closed the first day at $25, just about where it's hovering right now. It had an uneventful first few months and might have slowly climbed up, but we'll never know what "would have been." Once the pandemic started, sales shot up, and the stock soared along with it. But anyone should have been able to see that triple-digit sales growth wasn't going to last, and now that we're at that point, investors are scrambling.

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Source Fool.com