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After coming off a miserable 2022 for the stock market, where the Nasdaq-100 technology index plunged by 33%, Wall Street analysts understandably entered this year with a cautious stance. Here's why two Wall Street firms are betting Uber Technologies (NYSE: UBER) and Peloton Interactive (NASDAQ: PTON) could more than double over the next 12 months. The number of monthly customers using Uber had crashed to 93 million by the end of 2020, from 111 million in 2019.
Peloton's (NASDAQ: PTON) new management team has been working diligently to recover from rapidly changing consumer behavior in newly reopened economies. This video will check on that progress and let you know if it's finally time to buy Peloton stock.
Peloton (NASDAQ: PTON) has struggled with operations and now has a falling stock price, but a turnaround plan is being implemented and there are signs it's working. In this video, Travis Hoium covers where Peloton is improving and what to watch for in 2023.