Peloton Stock Plunges into Oversold Territory: Buy the Dip or Stay Away?

Peloton's Q2 earnings and guidance have triggered a 25% stock drop, pushing it into oversold territory. However, investors should exercise caution due to declining sales, high subscription prices, and a failed turnaround plan. The stock remains overvalued at 51x forward earnings, with insiders largely selling shares in the past year. A consensus "Moderate Buy" rating with a mean target of $10 exists, but the stock's technical indicators suggest bears are in control.