Why Peloton Stock Is a Long-Term Investment You Want to Make
August 02, 2021 at 17:33 PM EDT
It's rare to go a day without hearing at least one mention about Peloton (Nasdaq: PTON) or Peloton stock. The fitness company seems more like a cult than anything else at times. But Wall Street sees the company as overvalued, burned out following its own coronavirus rally of 440% in 2020. Many investors believe that there's little profit left with the pandemic moving closer to the past. Since its $167.42 peak in January 2021, shares of Peloton dropped 23%. But investors selling Peloton stock now or overlooking it because physical gyms are re-opening are making a mistake. This is a growth stock at the beginning of its climb. You see, Peloton is more than merely a fitness company; they're a software company too. Read more... Tags: Stocks to Buy The post Why Peloton Stock Is a Long-Term Investment You Want to Make appeared first on Money Morning - We Make Investing Profitable .