The most bearish of them all is BMO Capital Markets' Simeon Siegel. While most Peloton analysts like where the firm is positioned, there is a minority that argues that its shares are overvalued. We asked three analysts for their outlooks on the stock heading into 2021.
Peloton's revenue doubled year-over-year in 2020 as a result, with people snatching up exercise bikes and treadmills to be able to train at home.īut with COVID-19 vaccines now being rolled out and an end to the pandemic in sight, where does rapidly growing Peloton, and its share price, go from here? Even as restrictions eased and gyms reopened, capacity limits remained, as did uncertainty about working out indoors in public. Shares of the exercise-equipment company surged more than 400% this year amid lockdown measures to slow the spread of COVID-19. Visit Business Insider's homepage for more stories.įew stocks were as well-positioned as Peloton for a year like 2020 perhaps Amazon, Zoom, and Netflix were among them.We asked three analysts to share their outlooks for the stock heading into 2021.
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