Is It Time to Buy Peloton Stock? Here's the Good News and the Bad News.
Peloton Interactive (NASDAQ: PTON) stock peaked at $163 in 2021, which represented an eye-popping return of 460% for investors who bought it at the time of its initial public offering (IPO) the year before. But the stock has since lost 95% of its peak value, and a recovery appears uncertain.Consumers were buying at-home exercise equipment hand over fist at the height of the COVID-19 pandemic, so they could stay fit during the lockdowns and social restrictions. But Peloton failed to evolve once that demand cooled off, which sent its revenue plunging and its losses soaring.There was even a period of time when Peloton's survival was in question, before management made a series of changes. The company's future is still uncertain, but there is now some good news to go along with its ongoing struggles. Here's what investors need to know before deciding whether to buy the stock.Continue reading
Peloton Interactive (NASDAQ: PTON) stock peaked at $163 in 2021, which represented an eye-popping return of 460% for investors who bought it at the time of its initial public offering (IPO) the year before. But the stock has since lost 95% of its peak value, and a recovery appears uncertain.
Consumers were buying at-home exercise equipment hand over fist at the height of the COVID-19 pandemic, so they could stay fit during the lockdowns and social restrictions. But Peloton failed to evolve once that demand cooled off, which sent its revenue plunging and its losses soaring.
There was even a period of time when Peloton's survival was in question, before management made a series of changes. The company's future is still uncertain, but there is now some good news to go along with its ongoing struggles. Here's what investors need to know before deciding whether to buy the stock.
