I Wouldn't Touch This Stock With a 10-Foot Pole -- Here's What I'd Buy Instead
Peloton Interactive (NASDAQ: PTON) has been in flux for a while, and the situation doesn't seem to be improving. There may be a solid business tucked into it, but it's been struggling to scale, and its new CEO is already out.
There's always the chance for a turnaround, but I wouldn't invest in Peloton right now. Instead, I'd go for a different fitness stock that's also down right now -- Lululemon Athletica (NASDAQ: LULU). Here's why.
Peloton is a leader in connected fitness, but it's been struggling to grow and produce profits. It had the fortune to become a public company almost immediately prior to the onset of COVID-19, leading to surging sales and enthusiastic investors. But as a young and inexperienced company, it made some mistakes too big to easily walk back.
Source Fool.com
Peloton Interactive Inc. Stock
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
With a target price of 7 € there is potential for a 146.74% increase which would mean more than doubling the current price of 2.84 € for Peloton Interactive Inc..
