#1 - Peloton (NASDAQ:PTON)
Peloton (NASDAQ:PTON) began trading publicly in September 2019. At that time, the maker of connected fitness products was best known for a holiday ad that sparked a controversy that seems silly today for many reasons. But there has been perhaps no company that benefited more directly from the Covid-19 pandemic than Peloton.
With fitness centers and gyms closed, consumers were looking for a way to maintain their fitness routines. And Peloton’s line of bikes, treadmills, and ellipticals was able to provide consumers with an entertaining, convenient, effective, and most importantly … an at home experience.
As it turns out, many consumers are enjoying their experience which benefits Peloton since the company generates significant revenue from monthly subscriptions associate with its equipment. In fact, in the most recent quarter that the company reported earnings, it reported 1.33 million total connected fitness subscriptions which was more than double from the same quarter the year prior. That’s the kind of thing that gets investors excited.
Another thing that investors love is market share growth. Peloton is seeking to do this through a planned acquisition of Precor. The company announced in December that is was buying its competitor in a deal valued at $420 million.
About Peloton Interactive
Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.
Read More - Current Price
- $9.54
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 15 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.75 (29.2% Downside)
