Down 97% From Its All-Time High, Will 2024 Be the Year Peloton Stock Soars?
Peloton Interactive (NASDAQ: PTON) was once one of the most beloved businesses on Wall Street. Before the pandemic and during its early days , the company experienced skyrocketing growth, and the shares soared over 400% in the 12 months before they hit their all-time high in Jan. 2021.
But it's been a disappointing story since then. Falling demand and financial troubles led investors to sour on the stock, which currently sits 97% below its peak.
Will 2024 be the year that Peloton shares soar?
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.
