Stock of the Week: Peloton

Peloton's share price has rocketed as the exercise bike and class company has ridden lockdown trends. Can it keep its momentum going?

James Gard 25 June, 2021 | 10:31AM
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Stock of the week post-it

Ahead of the start of this year’s Tour de France this weekend, we asked out Twitter followers to choose a cycling brand as stock of the week. After riding neck and neck all week, Peloton (PTON) broke free of the pack to make a last dash to finish ahead of Halfords (HFD) and Cannondale owner Dorel (DII.A).

Peloton, maker of high-end bikes and high-energy exercise classes, was one of the clear winners of the lockdown boom in stay-at-home sports equipment. Shares rose more than 400% in 2020, but have dropped 21% so far this year as people return to gyms, sports classes and outdoor exercising.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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James Gard  is content editor for Morningstar.co.uk

 

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