Australia markets closed
  • ALL ORDS

    6,720.40
    -26.10 (-0.39%)
     
  • ASX 200

    6,539.90
    -28.20 (-0.43%)
     
  • AUD/USD

    0.6818
    -0.0086 (-1.25%)
     
  • OIL

    108.49
    +2.73 (+2.58%)
     
  • GOLD

    1,808.20
    +0.90 (+0.05%)
     
  • BTC-AUD

    28,544.21
    +848.54 (+3.06%)
     
  • CMC Crypto 200

    420.84
    +0.70 (+0.17%)
     
  • AUD/EUR

    0.6536
    -0.0045 (-0.69%)
     
  • AUD/NZD

    1.0967
    -0.0083 (-0.75%)
     
  • NZX 50

    10,753.16
    -115.54 (-1.06%)
     
  • NASDAQ

    11,585.68
    +81.96 (+0.71%)
     
  • FTSE

    7,168.65
    -0.63 (-0.01%)
     
  • Dow Jones

    31,097.26
    +321.83 (+1.05%)
     
  • DAX

    12,813.03
    +29.26 (+0.23%)
     
  • Hang Seng

    21,859.79
    -137.10 (-0.62%)
     
  • NIKKEI 225

    25,935.62
    -457.42 (-1.73%)
     

Is Peloton Stock a Buy After Dropping to $14 a Share?

·4-min read
Is Peloton Stock a Buy After Dropping to $14 a Share?
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Peloton Interactive's (NASDAQ: PTON) share price recently hit a 52-week low of $11.25 after trading as high as $171 over a year ago. With the introduction of vaccines allowing people to return to work, gyms, and elsewhere, there was some reduction in the need for and the use of Peloton equipment and services. On the other side of the ledger, the growth opportunities in the virtual fitness market have been estimated as rising to $79 billion by 2026 (from $11.4 billion in 2021).

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting