Don't Buy Peloton Stock on Buyout Rumors
The Peloton Interactive (NASDAQ: PTON) delivery vans that became a common sight at the height of the pandemic are now far less prevalent, as demand for the company's pricey connected-fitness equipment plunges.
Its post-pandemic turnaround effort, led by former CEO Barry McCarthy, failed to reignite demand or successfully pivot the company to subscriptions. McCarthy stepped down earlier this month, leaving the company rudderless.
There were plenty of reasons to stay far away from Peloton stock in 2021 when the first cracks in the story were appearing. McCarthy slashed costs and grew the subscription business after taking the helm, but the brand never recovered.
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.
