Should Apple Acquire Peloton in 2024? 2 Things Investors Need to Know.
To say that Peloton Interactive (NASDAQ: PTON) has been struggling mightily would be an understatement. After experiencing monster success during the depths of the pandemic, the business has hit a rough patch, with weak demand, falling sales, and ongoing net losses.
To solve these notable issues, it might make sense for Peloton to be acquired, which could potentially get it on a better financial path. And maybe that suitor should be Apple (NASDAQ: AAPL), the dominant consumer tech juggernaut.
Here are two things that investors should know about this speculative deal.
Source Fool.com
Peloton Interactive Inc. Stock
€2.69
-2.140%
Our community is currently high on Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
Based on the current price of 2.69 € the target price of 7 € shows a potential of 159.88% for Peloton Interactive Inc. which would more than double the current price.
