Peloton Interactive, Inc. (NASDAQ:PTON) is one of the stocks Jim Cramer put under the microscope. A caller inquired about the company’s potential for growth, noting they hold shares purchased at just under $10. Cramer stated:
“I didn’t really care for the report to be honest. I was kind of thinking, now wait a second, wasn’t this something, a quarter that I thought would be breakout? I also think that they’re a little bit too hype oriented for me, so I’m going to say no. And I like subscription businesses, but I’d rather be in a subscription business that is more like say Spotify or a Costco or Amazon.”
A stock market data. Photo by Alesia Kozik on Pexels
Peloton Interactive, Inc. (NASDAQ:PTON) provides connected fitness equipment, including bikes, treadmills, and rowers, along with app-based and membership services. During the lightning round of the June 6 episode, a caller inquired about the stock, and Cramer responded:
“Well, you know, it is a subscription business, and I like subscription businesses. I think that they work, but I don’t think they have the growth. So, therefore, I’m going to say if you want a subscription business, I want you to be in Spotify.”
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Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/jim-cramer-peloton-little-bit-210142016.html
