Could Peloton Stock Help You Become a Millionaire?
From their initial public offering in September 2019 to their peak in January 2021, shares of Peloton Interactive (NASDAQ: PTON) skyrocketed by 550%. That monster run would've turned a $155,000 initial investment into $1 million at its all-time high in about 16 months.
But since that peak, this consumer discretionary stock has lost about 98% of its value. Now trading at a price-to-sales ratio of 0.5, some investors might view this business as a buying opportunity that's hard to pass up. But could Peloton stock help you become a millionaire one day from today's levels?
Let's first consider the most optimistic scenario for Peloton.
Source Fool.com
Peloton Interactive Inc. Stock
€3.31
2.300%
Our community is currently high on Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
Based on the current price of 3.31 € the target price of 7 € shows a potential of 111.42% for Peloton Interactive Inc. which would more than double the current price.
