Trending News

Blog Post


Is Peloton Interactive a Good Investment? By StockNews 

© Reuters. Is Peloton Interactive a Good Investment?

Interactive fitness platform provider Peloton Interactive’s (PTON) continued investments in digital content and product launches have helped it grow its subscription base significantly over the past year. However, now that more people are heading back to gyms, interest in at-home fitness equipment and programs appears to be waning. So, the question is, is the stock a wise investment bet now? Read on.Exercise equipment and fitness platform provider Peloton Interactive, Inc. (NASDAQ:) is known for its connected fitness products, such as the Peloton Bike and the Peloton Treadmill, as well as on-demand fitness classes. With a loyal community of more than 5.4 million members, PTON’s stock was one of the top performers amid the pandemic last year.

Although robust investments in content and software features and strong connected-fitness-subscription membership growth have helped its stock gain 72.7% in price over the past year, the stock is down 23.2% over the past six months, and closed yesterday’s trading session at $120.93, 29.3% below its 52-week high of $171.09.

With people returning to gyms now that 70% of U.S. adults have had at least one shot of COVID-19 vaccine, the demand for at-home fitness equipment and services is expected to decline. This could be challenging for the home fitness operator’s business. Furthermore, PTON’s sky-high valuation and ongoing class-action lawsuits could create pessimistic sentiment toward the stock.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Related posts

Leave a Reply

Required fields are marked *