Top 5 Fitness Stocks to Buy Now

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

No of HFs: 58

Total Value of HF Holdings: $3.4 Billion

Peloton Interactive, Is an American exercise equipment company founded in 2012. The company pioneered connected, technology-enabled fitness and streaming of classes for members. They are one of the largest interactive fitness platforms in the world with over 2.6 million members. During the fourth quarter of 2020, PTON reported a generated total revenue of $607 million, representing 172% year-on-year growth.

In an article, we mentioned why PTON stock in a compelling investment case and GreenWood Investor’s letter where he highlighted a few stocks including PTON,

“I briefly touched on Peloton in the last letter, our second-largest position, and we have provided our initiation note on our public research page. Peloton is a clear winner from Covid-19, but with the near-term launch of a cheaper treadmill, after having conquered nearly 5% of the boutique fitness studio market in the United States, we think it’s poised to accelerate on the share gains. It has the scale, network effects, and the second-highest customer satisfaction of any company in the world. Its business model behaves more like a luxury company than a fitness company. With over half of American exercisers now considering joining its ecosystem, the company will continue to compound meaningfully beyond Covid-19.”

Copyright: halfpoint / 123RF Stock Photo