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Feb 5, 2022 10:54 PM

PTON Peloton potential takeover by Amazon ?? Long

Peloton Interactive, Inc.NASDAQ

Description

Amazon has reached out Peloton about a potential deal.
The Financial Times said Nike is also considering a bid.

Peloton's market value is around $8.1 billion, down from its high last year of 50bn.

Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support.

My price target is 37usd.

Looking forward to read your opinion about it.

Trade closed: target reached

closet at the price target
Comments
jonschroeder1
The article was terribly loose and written with zero specifics. More like just recycling an internet speculation from reddit into an article. Hopefully people don't get trapped here when earnings are reported.
Original_Stock_Whisperer
@jonschroeder1 you’re a smart guy. It’s nice to see intelligence around here for a change. I mean that.
TopgOptions
@jonschroeder1, the price target was perfectly reached. trade closed.
HayeTrading
Interesting idea, Peloton certainly has big potential IF it can see a catalyst like a takeover from a big company, could be worth a nibble to try and get ahead of any big news 👍
TopgOptions
@HayeTrading, indeed. Imagine Amazon having its own treadmills!
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