PTON - Could Peloton Stock Help You Become a Millionaire?
2024-06-16 06:26:00 ET
From their initial public offering in September 2019 to their peak in January 2021, shares of Peloton Interactive (NASDAQ: PTON) skyrocketed by 550%. That monster run would've turned a $155,000 initial investment into $1 million at its all-time high in about 16 months.
But since that peak, this consumer discretionary stock has lost about 98% of its value. Now trading at a price-to-sales ratio of 0.5, some investors might view this business as a buying opportunity that's hard to pass up. But could Peloton stock help you become a millionaire one day from today's levels?
Let's first consider the most optimistic scenario for Peloton.
For further details see:
Could Peloton Stock Help You Become a Millionaire?