Peloton makes connected exercise equipment, with subscriptions being a key part of its business model. Peloton is attempting to reset its business now that the fad surrounding its exercise bikes has ended.

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Peloton Interactive (NASDAQ:PTON) shares shot up 5% to $4.80 in Monday morning trading after opening at $4.43.

A sustained move above $4.50 could open the door for further upside, while a move back below the level would suggest a failed breakout.

Peloton's stock price has underperformed for years as consumers continue to gravitate toward traditional gyms. The company thinks new artificial intelligence (AI) features could help drive growth.

Peloton Interactive Inc (NASDAQ:PTON)'s improving profitability and cash flow profile is helping strengthen its financial position, though questions around subscriber growth and demand trends continue to weigh on sentiment, according to UBS. The firm noted that Peloton is trading at below 4x EV/EBITDA as it approaches a run-rate EBITDA of more than $500 million.

Peloton Interactive Inc (NASDAQ:PTON)’s improving profitability and cash flow profile is helping strengthen its financial position, though questions around...

4:15pm: Risk appetite fades Stocks ended Tuesday on a mixed note, with major indexes slipping as investors remained cautious despite a brief improvement in...

Peloton's stock trades at a cheap valuation relative to its free cash flow. The company is pivoting toward an AI-focused strategy to enhance personalization and expand into the broader wellness market.

There's a reason Peloton shares continue to sink to record lows despite the company's recent strategic maneuvering. A superior product doesn't inherently mean sustained, superior corporate results.