Should Peloton Stop Making Its Own Exercise Equipment?
(NASDAQ: PTON) continues to be a major source of pain for investors. The once flourishing company is having trouble boosting demand for its expensive products, while at the same time it sits in a precarious financial position. Shares currently trade at 98% below their all-time high.
The company's previous CEO, Barry McCarthy, is out after just over two years at the helm. But he leaves Peloton in a different state than when he found it, now with a greater focus on its subscription segment. Perhaps bigger changes are in order.
Should this struggling fitness enterprise forget where it came from and stop making its own exercise equipment?
Source Fool.com
Peloton Interactive Inc. Stock
€3.17
-4.490%
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
With a target price of 7 € there is potential for a 120.89% increase which would mean more than doubling the current price of 3.17 € for Peloton Interactive Inc..
