Is Peloton Stock a Bargain Below $10 a Share?
Two words can sum up the experience of Peloton Interactive (NASDAQ: PTON) shares since the company went public in late 2019: extreme volatility. During 2020 and early 2021, the stock soared over 400% to $150 as it became one of the "pandemic favorites" that every investor wanted. Now in early 2023, with the founder out, declining profit margins, and a stagnating user base, shares of the stock have plummeted to below $10.
Down 95% from all-time highs, is Peloton stock officially a bargain? Or is this a value trap?
The headline numbers in Peloton's latest quarterly earnings look meager. Revenue declined 22% year over year to $749 million, active members were flat from last quarter, and total paying subscribers were only up 2% quarter over quarter to 3.1 million. Net income loss was $276 million just in the quarter, for a margin of negative 37%.
Source Fool.com
Peloton Interactive Inc. Stock
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 4 Sell predictions.
With a target price of 5 € there is a slightly positive potential of 18.72% for Peloton Interactive Inc. compared to the current price of 4.21 €.
