Thinking of Buying Peloton Stock? Here's What You Need to Know
Those who were lucky enough to get in on Peloton's (NASDAQ: PTON) initial public offering (IPO) last September would be sitting on a gain of more than 400% right now. The connected-fitness hardware and software company has thrived during 2020, a year characterized by a global health and economic crisis never experienced in a few generations.
Investors on the sidelines looking to cash in on Peloton's tremendous growth must consider some very important information before hitting the buy button.
In the recent fourth quarter, Peloton's revenue soared 172% from the prior-year period, reaching $607.1 million. Fiscal-year 2020 was the sixth-straight year the company experienced sales growth of 100%, showing that Peloton was having success even before the coronavirus pandemic forced everyone to stay at home.
Source Fool.com
