Peloton Interactive, Inc.·Consumer Cyclical
Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
Consumer Cyclical
Leisure
2,853
2019-09-26
2.38

Peloton Interactive (NASDAQ:PTON) currently trades at $4.64, while the average Wall Street analyst price target sits at $7.88, implying roughly 70% upside from current levels.

Peloton makes connected exercise equipment, with subscriptions being a key part of its business model. Peloton is attempting to reset its business now that the fad surrounding its exercise bikes has ended.

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Peloton Interactive (NASDAQ:PTON) shares shot up 5% to $4.80 in Monday morning trading after opening at $4.43.

A sustained move above $4.50 could open the door for further upside, while a move back below the level would suggest a failed breakout.

Peloton's stock price has underperformed for years as consumers continue to gravitate toward traditional gyms. The company thinks new artificial intelligence (AI) features could help drive growth.