Premarket trading on Monday saw Peloton up 32% on rumours that tech and consumer giants investigating acquisitions. Peloton's stock had surged 15% by midday to around $28. Closed at $29.75.
Experts on Wall Street say this suitor list makes sense. "We see numerous potential benefits for Amazon from a Peloton acquisition," stated Truist Securities analysts.
Ives believes Apple will be involved in the Peloton sale process, given reports that Amazon and Nike are interested in the company.
During the epidemic, customers were primarily confined to their homes, eager to exercise in their own environments and looking for methods to interact electronically with like-minded people.