The company's market cap was approaching the $50 billion mark about five years ago, in January 2021. While Peloton is making some progress, most notably around getting in better financial shape, it's still not worthy of investment consideration. Here's why I wouldn't touch this fitness stock with a 10-foot pole in 2026. Peloton has transitioned from growth to stabilizationThe days of Peloton's monster growth seem like ancient history. It also helps that Peloton's business now rakes in about three-fourths of its revenue from subscriptions.