Peloton Stock: Buy, Sell, or Hold?
The coronavirus pandemic has had a bifurcated impact on the economy, with some industries getting hit hard by shutdowns of physical stores and travel restrictions and others benefiting from work-from-home trends and increased internet usage. One beneficiary of these unusual circumstances surrounding COVID-19 is Peloton Interactive (NASDAQ: PTON), a fast-growing company that sells connected fitness products, including stationary bikes and treadmills.
Shares of Peloton have surged recently as investors bet on a meaningful boost to product orders and subscriptions to its online classes as consumers are sheltering at home. The company proved these investors right when it reported fiscal third-quarter results earlier this month. Revenue during the period surged past analyst estimates as both product and subscription revenue jumped sharply.
Image source: Peloton Interactive.
Source Fool.com