3 Opportunity Stocks That Are 40 Percent Below Their Value - Peloton

 

2. Peloton

Opportunity Stock - Peloton: Peloton is a New York-based exercise equipment provider and media platform company, which was founded in 2012 and gained momentum with kickstarter financing in 2013. Peloton's main products include cycling and treadmill programs that allow monthly subscribers to attend classes remotely. The company also broadcasts from the fitness studio. The fitness star fell 41 percent below its highest level with its blow on Monday.

Peloton's connected fitness subscribers increased 134 percent to 1.67 million accounts.

Supply production delays continue to hold Peloton back. In this context, it should be noted that the company has acquired the US-based Precor Fitness. In his February 4th earnings report, Peloton CEO Foley said, "Digital fitness products continue to be a high-growth sales channel. We will continue to improve our success in the coming quarters with our strong content." Foley said, "Our acquisition of Precor will allow us to manufacture Peloton products in the USA and, over time, create the footprint of our domestic production."

The digital exercise market continues to grow rapidly with subscriptions.

We have to say that Peloton has an aggressive growth share with more than double the revenue in its last quarter report. At this point, the slowdown is acceptable, but it is inevitable that it will continue to grow in the near term.   3 Opportunity Stocks – Peloton Source: https://www.fool.com/ You may also be interested in:

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