1 Spectacular Growth Stock Down 96% to Buy Hand Over Fist in 2024

By Parkev Tatevosian, CFA – Jan 12, 2024 at 6:30AM

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

Investing in this growth stock could be an excellent strategy to increase your wealth in the long run.

Fool.com contributor Parkev Tatevosian describes why this growth stock, in particular, makes an excellent investment.

*Stock prices used were the afternoon prices of Jan. 9, 2024. The video was published on Jan. 11, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.