Is Peloton's Big Debt Refinancing 1 More Reason to Avoid the Stock?
Peloton Interactive (NASDAQ: PTON) is still trying to figure out what it wants to be when it grows up. It tried making exercise equipment, but that didn't work as well as hoped. Now, it is trying to be a subscription exercise service, which doesn't appear to be working out as well as hoped, either.
That said, the company's recent debt restructuring has managed to buy some time for management to keep working on the business. The only problem is that this vital move will just make it harder for the company to turn a sustainable profit.
For better or worse, Peloton got off to a very bright start, hitting the market with its high-end, connected exercise equipment at an auspicious time. Well, a good time for Peloton, anyway. It was a pretty ugly time for the world, given that people were being asked to socially distance to slow the spread of the coronavirus. With businesses effectively shut down, people were spending more time at home and were unable to go to the gym.
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 127.83% increase which would mean more than doubling the current price of 3.07 € for Peloton Interactive Inc..
