When Peloton Interactive (NASDAQ: PTON) went public last year, it was easy to question the company's future. Making and selling hardware is hard, and pairing high-margin software with hardware has a spotty history (just ask once high-flying GoPro).
But 2020 has been a perfect storm for the home fitness business, and few companies have capitalized the way Peloton has. Does that make this growth stock a buy right now? The price is steep, but this may be a company that turned an important corner in 2020.
Image source: Peloton.
Source Fool.com