Why This Is the Right Time to Buy Peloton Stock
Peloton Interactive (NASDAQ: PTON) stock debuted in late September 2019 at about $29 a share and didn't get the big price bump many other tech stocks were getting in their IPOs that year. The company was growing well, but it was spending a lot of money for that growth and investors were a bit concerned if there was enough market for its products.
Then along came the coronavirus pandemic roughly six months later, and all of a sudden, Peloton's stock value became much more apparent. Over the year that followed, Peloton stock became one of the big pandemic success stories. Fitness enthusiasts turned to the company to provide them with workout options while gyms were closed, and sales skyrocketed along with the stock price.
But if the company wasn't very profitable before the pandemic started, should investors be concerned that it will return to its net-loss financials as the pandemic wanes? Let's take a look.
Source Fool.com
