Here's Why Peloton Stock Could Be a Smart Buy Right Now
After riding the pandemic to greater heights and a 434% stock-price gain in 2020, the once-booming leader in connected fitness, Peloton Interactive (NASDAQ: PTON), has gotten out of shape.
Production delays, safety issues, and waning demand have demonstrated a lack of competency by the management team, prompting a monumental sell-off of the shares and rumors about a possible acquisition. Most recently, drastic cost cuts and a new CEO have been announced.
Despite the huge amount of bad press hammering Peloton right now, current and prospective shareholders do have some reasons to be hopeful. Let's take a look at some reasons why Peloton's stock might actually be a good investment today.
Source Fool.com
