Peloton Stock Surges As Treadmills Go Back On Sale. Will Gains Continue?

[2/16/2021] What’s Occurring With Peloton Inventory?

Peloton’s (NASDAQ: PTON) inventory has gained about 5x during the last 12 months, making the at-home health firm one of many largest winners by Covid-19. Right here’s a fast rundown of the latest developments for Peloton’s inventory.

Firstly, Peloton revealed a robust set of Q2 FY’21 outcomes (quarter ended December 31, 2020), beating market expectations. Income grew 128% year-over-year to $1.06 billion and the corporate additionally posted a small revenue. Linked health subscribers grew to 1.67 million on the finish of the quarter, marking a rise of 134% year-over-year, and the quantity is anticipated to develop to 2.28 million by the top of the fiscal 12 months. Linked health subscribers pay about $40 monthly to entry and sync lessons to their Peloton tools.

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