2 Overlooked Catalysts for Peloton Stock in 2021

John Ballard, The Motley Fool
·3-min read
2 Overlooked Catalysts for Peloton Stock in 2021

Peloton Interactive's (NASDAQ: PTON) recent agreement to acquire Precor, a leading manufacturer of fitness equipment, has been well received by investors for several reasons. One is the potential to significantly expand the size of Peloton's addressable market to non-residential areas, such as hotels, but the deal will also benefit the company in two other important ways that investors might be overlooking in the near term. Peloton stock is up nearly 500% over the last year, driven by accelerating demand for connected fitness products during the pandemic.