Can Peloton Stock Double by 2030?
Peloton Interactive (NASDAQ: PTON) is falling back into the good graces of the investment community. The company is steadily improving its finances, which is reducing risk. And it helps Peloton inch closer to creating a sustainable business model, something that was certainly called into question over the past few years. It still trades at 94% off its peak, but shares have skyrocketed 213% since their 52-week low made in May 2024. Can this consumer discretionary stock keep the momentum going and double between now and 2030? Here's what investors need to know.For the three-month period that ended Dec. 31, 2024, which was Peloton's fiscal 2025 second quarter, the company was able to cut its net loss by more than half to $92 million from $195 million in the year-ago period. This was despite overall revenue declining 9% year over year.Continue reading
Peloton Interactive (NASDAQ: PTON) is falling back into the good graces of the investment community. The company is steadily improving its finances, which is reducing risk. And it helps Peloton inch closer to creating a sustainable business model, something that was certainly called into question over the past few years.
It still trades at 94% off its peak, but shares have skyrocketed 213% since their 52-week low made in May 2024. Can this consumer discretionary stock keep the momentum going and double between now and 2030? Here's what investors need to know.
For the three-month period that ended Dec. 31, 2024, which was Peloton's fiscal 2025 second quarter, the company was able to cut its net loss by more than half to $92 million from $195 million in the year-ago period. This was despite overall revenue declining 9% year over year.
