After its big run in 2020, Peloton stock's Relative Strength Rating has taken a big hit as more people return to gyms and in-person fitness classes. PTON stock now has a dismal RS Rating of 1 out of a best-possible 99.
Will Peloton rise again?
31, 2019), Peloton was growing its revenue at a rate of 77% year over year. While Peloton is unlikely to return to sales growth like this, as the market for connected fitness products has become far more competitive since then, revenue growth could return to double-digit growth rates by 2023.
Why is Peloton stock going down?
Peloton Inc. is suspending production for several of its at-home fitness products, CNBC reports. Peloton's stock had hit unprecedented market highs during the pandemic, as lockdowns and gym closures pushed more consumers towards Peloton's signature at-home interactive fitness products.
What is the price target for PTON?
Peloton Interactive Inc (NASDAQ:PTON) The 26 analysts offering 12-month price forecasts for Peloton Interactive Inc have a median target of 40.00, with a high estimate of 90.00 and a low estimate of 24.00. The median estimate represents a +42.86% increase from the last price of 28.00.
Why is Peloton stock dropping?
Peloton's stock had hit unprecedented market highs during the pandemic, as lockdowns and gym closures pushed more consumers towards Peloton's signature at-home interactive fitness products. Peloton wasn't the only "at-home stock" to suffer a drop on Thursday.
Is Peloton stock overvalued?
Peloton's business faces headwinds as the world moves on from the pandemic. Peloton lowered its revenue forecast, and shares of Peloton are still overpriced.
Is Peloton still losing money?
For the three-month period ending , which is considered Peloton's first quarter of fiscal 2022, Peloton reported a net loss of $376 million. Contrast that with the net income of $69.3 million the company reported in the same period last year.
What is the forecast for Peloton stock?
The 26 analysts offering 12-month price forecasts for Peloton Interactive Inc have a median target of 40.00, with a high estimate of 90.00 and a low estimate of 24.00. The median estimate represents a +42.86% increase from the last price of 28.00.