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?

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Source Fool.com