ISDA_Trader

Peloton Spot - Long

Long
NASDAQ:PTON   Peloton Interactive, Inc
The stock is in an uptrend post results
Covid -19 has provided a big boost to indoors gym and that will be shown in its numbers
Though the stock has run up a lot, there still is 10-20 % upmove potential.
Once it breaks above 49, can see it going to 54
Trade active: Updating the target to 75
Comment: US cases again creeping up
Comment: Results in a month will see a run before that
Comment: Valuation of 25b is achievable (90 )
Good acquisition target
Comment: Cheaper version of Peloton might be coming to market soon