Up 43% Since October, Is Peloton Stock Still a Buy?

By Travis Hoium – Dec 18, 2023 at 9:10AM

NASDAQ: PTON

Peloton Interactive

Market Cap

$1B

Today's Change

(4.29%) $0.13

Current Price

$3.16

Price as of April 26, 2024, 4:00 p.m. ET

Peloton's business is heading in the right direction.

Shares of Peloton (PTON 4.29%) have jumped 43% in under two months, helped by the market's recovery. But a lot has changed about the company, and the stock could be turning around heading into 2024.

In this video, Travis Hoium covers Peloton's strategy change and how it's positioned for growth in the future.

*Stock prices used were end-of-day prices of Dec. 15, 2023. The video was published on Dec. 17, 2023.

Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.