Peloton is worth $19 a share at most, according to Wall Street's valuation guru.
"My estimate is about $18 to $19 and that is giving them the benefit of every doubt," Damodaran said.
The fitness startup tumbled about 12% in its public debut to as low as $25 a share, below its IPO pricing of $29 per share.is worth $19 a share at most, according to Wall Street's valuation guru.on Thursday to as low as $25 a share, below its IPO pricing of $29 per share, which was at the high end of expectations. NYU Stern professor Aswath Damodaran, sometimes called the "'Dean of Valuation," believes the valuation is "too high.
"My estimate is about $18 to $19 and that is giving them the benefit of every doubt," Damodaran said on CNBC's Power Lunch on Thursday. If Peloton trades below $27, it would be on pace to become the second worst debut of a unicorn this year.
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