Where Will Peloton Stock Be in 1 Year?
Peloton Interactive's (NASDAQ: PTON) stock has had a great month, with the shares gaining around 33%. Most of that came after the company announced fiscal fourth-quarter 2024 earnings. The problem is that the earnings announcement that sparked a roughly 40% rally in the company's shares wasn't really good, it was just less bad. Peloton has a lot to prove over the next year.
To fully understand Peloton, you need to go back to the height of the coronavirus pandemic, when consumers practiced social distancing, businesses shut down, and employees worked from home. At that point, Peloton's connected exercise equipment was all the rage because it allowed users to, basically, simulate being in a gym. The company couldn't keep up with demand and leaned in hard, opening physical stores and ramping up production.
Image source: Getty Images.
Source Fool.com
Peloton Interactive Inc. Stock
With 7 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 5 € there is a slightly positive potential of 15.93% for Peloton Interactive Inc. compared to the current price of 4.31 €.
