Peloton Interactive (NASDAQ: PTON) is once again making headlines. However, this time it was a positive reaction from the market, which hasn't happened many times for the company in recent years.

The fitness innovator reported fiscal 2024 fourth quarter (ended June 30) results last week. Shares immediately popped almost 40% on the day of the announcement. Perhaps the market is becoming more optimistic about the troubled company.

Should investors buy this beaten-down consumer discretionary stock right now?

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Source Fool.com