Peloton's stock is rising as fears over the spread of coronavirus could encourage customers to work out at home
Consumers are more likely to work out at home as the fear over the coronavirus outbreak grows, according to Needham analyst Laura Martin.Peloton's stock is rising despite global stock markets plunging this week as the coronavirus outbreak becomes a growing concern.
"This may drive higher unit sales and subscription revenue in 2020," Martin said in a recent note to investors. Stock markets around the world have tumbled this week as the spread of coronavirus becomes of growing concern and new cases are reported in Iran, Italy, and South Korea. in this uncertain time, however, one of which is the high-tech, at-home fitness company Peloton, best known for its $2,000 exercise bike.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Health insurer shares pummeled by Sanders surge, virus worriesAs concerns over the spreading coronavirus outbreak hammered U.S. stocks, one co...
Les mer »
How the coronavirus outbreak could change the way we work - Business InsiderThe disease is causing companies like Apple to shutter its factories and offices. Here's how you can keep your employees working while staying safe.
Les mer »
Food delivery, gaming, and news apps soar in China amid the coronavirus outbreak - Business InsiderAs 50 million Chinese citizens are on lockdown, they're turning to their phones to keep themselves fed and entertained.
Les mer »
H1N1 Was The Last Pandemic. Here's Why COVID-19 Isn't Yet In That CategoryThe new coronavirus disease has been diagnosed in 28 countries, and new outbreaks are worrisome. But the World Health Organization sees some encouraging trends.
Les mer »
'Mission: Impossible 7' Production Halted in Italy Over CoronavirusEthan Hunt has to temporarily abort his mission in Italy amid a coronavirus outbreak.
Les mer »
Virus can still be beaten, too early to declare pandemic: WHOThe WHO have said that the coronavirus outbreak was not out of control globally nor causing large-scale deaths and so it is too early to declare it a pandemic
Les mer »