5 Best Fitness Stocks To Invest In

3. Peloton Interactive, Inc. (NASDAQ:PTON)

Number of Hedge Fund Holders: 67

Leading interactive fitness company Peloton Interactive, Inc. (NASDAQ:PTON) ranks third on the list of 10 best fitness stocks to invest in. The New York-based cardio equipment manufacturer does not only get its revenue from selling stationary bikes, treadmills, and fitness apparel. In fact, the majority of Peloton Interactive’s (NASDAQ:PTON) revenue comes from its subscription-based interactive tool required to fully operate its connected fitness equipment. 

In fiscal 2021, Peloton Interactive, Inc. (NASDAQ:PTON) had a total of 2.33 million subscriptions, up from 1.09 million in the previous year. The interactive fitness company’s revenue in fiscal 2021 grew by more than 120% to $4.02 billion. On October 11, Edward Yruma of Keybanc kept an Overweight rating on Peloton Interactive, Inc. (NASDAQ:PTON) with a price target of $155.

At the end of the June quarter, 67 hedge funds in the database of Insider Monkey held stakes worth $6.12 billion in Peloton Interactive, Inc. (NASDAQ:PTON), up from 64 in the first quarter worth $3.96 billion.