Should you buy Peloton stock? (August 2023)

Peloton stock analysis. Ticker: PTON Join 10,000 investors: https://www.overlookedalpha.com Peloton stock is down 10% since it published its latest quarterly report and 96% since its 2021 peak. The company’s valuation has fallen from $45 billion to 2.2 billion today. This illustrates Peloton’s strategy. Sell hardware products at a loss, and profit over time from subscriptions. However, the company is not growing as fast as it in the past. In fact, now the pandemic has ended, it’s been losing revenue. As you can see, revenue exploded to 4 billion dollars in 2021. But in 2022 revenues declined 10% and this year revenue has fallen 22% to 2.8 billion. #investing #stocks #pelotonstock #overlookedalpha