Peloton's Deal With Lululemon Still Doesn't Make the Stock a Buy
What a difference a year can make.
Almost exactly one year ago, Lululemon Athletica (NASDAQ: LULU) and Peloton Interactive (NASDAQ: PTON) were settling a lawsuit in which the yoga apparel maker had accused the exercise-bike specialist of patent infringement over its Peloton-branded line of women's apparel.
Late Wednesday, the two companies announced a new five-year strategic global partnership. Shares of Peloton surged as much as 35% in after-hours trading on the news, then opened Thursday up around 10%. Lululemon stock is up around 1%.
Source Fool.com
Peloton Interactive Inc. Stock
€4.08
-5.700%
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 11 Buy predictions and 3 Sell predictions.
With a target price of 6 € there is a positive potential of 47.02% for Peloton Interactive Inc. compared to the current price of 4.08 €.
