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This Stock Is Down 96%, and One Wall Street Analyst Thinks It Could Gain 226% in 2024
The Motley Fool· 2024-01-15 14:37
The market is holding steady in 2024 following a heady 2023. That may be thanks to investor enthusiasm at the prospect of interest rates falling year and many companies reporting positive business trends. In the meantime, you still have the opportunity to find bargain stocks before they take off.Peloton Interactive (PTON -2.51%) is down 96% from its highs, but at least one Wall Street analyst expects it to gain 226% in 2024, according to CNN Business. The fitness equipment maker has had a rough few years, a ...
1 Spectacular Growth Stock Down 96% to Buy Hand Over Fist in 2024
The Motley Fool· 2024-01-12 11:30
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. ...
Peloton Is Having a TikTok Moment
The Motley Fool· 2024-01-11 12:15
Peloton (PTON -0.16%) has partnered with TikTok to create a fitness hub within the video app. This is a big shift in content for both companies, but with billions of views, it could have a meaningful impact on Peloton.In this video, Travis Hoium covers the deal and what metrics to watch to judge success for Peloton in 2024.*Stock prices used were end-of-day prices of Jan. 8, 2023. The video was published on Jan. 8, 2024. ...
Peloton Stock surges on TikTok deal
MarketBeat· 2024-01-08 13:26
Key PointsLast week, Peloton announced a partnership with TikTok to bring its workout content to a new fitness hub called #TikTokFitness, causing PTON shares to jumped 9.6% on the news.A key contributor to the growth is expected to be the company’s new fitness-as-a-service model whereby consumers can now rent a Peloton bike rather than making an expensive fitness equipment purchase.With 14% of the stock’s float in the hands of short sellers, a milder version of past short squeezes could be on Peloton’s path ...
Optimistic Horizon: Reaffirming Faith In Peloton's Future
Seeking Alpha· 2024-01-07 05:52
FatCamera Initial Bullish Stance on Peloton Peloton's (NASDAQ:PTON) stock has attracted a lot of bears recently because of its weak growth and losses. We published a buy rating on Peloton back in May 2023 because we were bullish on its strong brand and loyal customer base. Further, we like that it is the leader in the home fitness space. Even though Peloton only has 3 million connected fitness subscribers at the moment, we believe the home fitness market can become much larger than most people think ove ...
Peloton partners with TikTok, and shares race 14% higher
Market Watch· 2024-01-05 02:43
Peloton Interactive Inc. shares surged Thursday after the connected-exercise platform announced an exclusive partnership with TikTok.The deal will create a dedicated Peloton hub on the video-based social network with custom Peloton content, the companies said in a joint statement. TikTok users will be able to access live Peloton classes, instructor series, celebrity collaborations and more. The hub will be available in the U.S., Canada and the U.K.“Our team is excited to complement TikTok’s already burgeoni ...
Why Peloton Stock Popped Today
The Motley Fool· 2024-01-05 00:14
Shares of Peloton (PTON 13.94%) are up 9% as of 12:30 p.m. ET Thursday after the connected fitness platform specialist announced an exclusive new content partnership with social media platform TikTok.Why Peloton is joining forces forces with TikTokMore specifically, Peloton and TikTok are launching a new dedicated, co-branded fitness hub on the China-based social media platform dubbed "#TikTokFitness Powered by Peloton." The hub will include custom Peloton content, including select live classes, original in ...
TikTok, Peloton partner to create new fitness hub
Fox Business· 2024-01-04 22:20
Peloton Interactive and TikTok announced Thursday they are partnering to create a new fitness hub on the social media platform. The hub, named #TikTok Fitness Powered by Peloton, will feature Peloton content including video clips of workouts and celebrity collaborations, available for TikTok users in the U.S., U.K. and Canada via the hashtag #TikTokFitness. TikTok, owned by Chinese firm ByteDance, has 1 billion active users globally."We're thrilled that this partnership will bring inspirational fitness cont ...
Peloton Teams Up with TikTok To Create Fitness Hub
Investopedia· 2024-01-04 19:55
Key TakeawaysPeloton Interactive Inc. struck a deal with TikTok to provide workouts and other fitness-related content on the social media site.Peloton will have a dedicated, co-branded hub on TikTok where customers can find its offerings.The move is part of Peloton's effort to reposition itself as the booming demand for its stationary bikes during the COVID-19 lockdowns has faded.Shares of Peloton Interactive Inc. (PTON) took off Thursday as the connected fitness company said it was partnering with social m ...
Tiktok Deal Draws Options Traders to Peloton Stock
Schaeffers Research· 2024-01-04 17:24
Peloton Interactive Inc (NASDAQ:PTON) is surging today, last seen up 8.9% at $5.86 at last glance, following another partnership announcement. The company inked a deal with TikTok to create an online workout hub called #TikTokFitness, which will house custom Peloton content.Traders are taking aim at the stock following the news. So far, 24,000 calls and 9,962 puts have crossed the tape, with options volume running at double the intraday average. New positions are opening at the most popular weekly 1/5 6-str ...