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It's rare to go a day without hearing at least one mention about Peloton (Nasdaq: PTON) or Peloton stock.
The fitness company seems more like a cult than anything else at times.
But Wall Street sees the company as overvalued, burned out following its own coronavirus rally of 440% in 2020.
Many investors believe that there's little profit left with the pandemic moving closer to the past.
Since its $167.42 peak in January 2021, shares of Peloton dropped 23%.
But investors selling Peloton stock now or overlooking it because physical gyms are re-opening are making a mistake.
This is a growth stock at the beginning of its climb.
You see, Peloton is more than merely a fitness company; they're a software company too.