Analysts Predict New Bull Market in 2024, But Warn Against Risky Bets on Peloton and Robinhood Turnarounds
• A new bull market and further stock gains are predicted for 2024 based on historical trends following down market years like 2022.
• Peloton shares have plunged 96% from all-time highs as at-home fitness tailwinds fade and the company struggles to staunch losses.
• Robinhood faces shrinking active user base, transaction revenue, and potential interest revenue declines if rates fall in 2024.
• Both Peloton and Robinhood face difficult paths to profitability and growth, making them risky investments.
• Instead of betting on their turnarounds, investors should focus on more promising opportunities in 2024.