Peloton Gets a Big Boost From Lululemon
One of the key challenges (NASDAQ: PTON) has growing its streaming fitness business is reaching enough subscribers to achieve a profitable scale. This week, the company got some help from Lululemon (NASDAQ: LULU), which is shutting down its Mirror product and will include Peloton in membership subscriptions.
In this video, Travis Hoium covers why this partnership is a win for both companies and could create a blueprint for Peloton in the future.
*Stock prices used were end-of-day prices of Sept. 28, 2023. The video was published on Sept. 29, 2023.
Source Fool.com
Peloton Interactive Inc. Stock
€3.31
2.300%
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 111.42% increase which would mean more than doubling the current price of 3.31 € for Peloton Interactive Inc..
