Peloton Interactive Inc. (NASDAQ: PTON) got clobbered post-COVID and has remained in a rut ever since. Recently, however, the fitness tech company has begun to rally. While challenges still weigh on the stock, if analyst estimates hold, investors could see significant upside over the next year.
PTON made its public debut in 2019, not knowing it would soon be in for a major windfall when COVID hit in 2020, and people suddenly found themselves confined to their homes. With new time on their hands or craving a replacement for their regular gym visits, people shelled out for the company’s equipment, which offered a way to interact with the outside world while working out.
