Peloton Had Another Shaky Quarter, but Don't Rush to Sell the Stock
Last month, I said Peloton Interactive (NASDAQ: PTON) would be among the stocks I'd be watching the closest in May because it was scheduled to report its earnings results. The numbers were released last week, and investors sent the stock 14% lower.
While the pessimism is somewhat justified given the company's short-term future appears uncertain, it did make some positive moves to improve its longer-term outlook. Make no mistake, there is still cause for concern, but here's why investors shouldn't rush to sell the stock.
Image source: Peloton.
Source Fool.com
Peloton Interactive Inc. Stock
€3.30
2.960%
Our community is currently high on Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
Based on the current price of 3.3 € the target price of 7 € shows a potential of 112.41% for Peloton Interactive Inc. which would more than double the current price.
