Wedbush downgrades Peloton, says customer engagement falling with gyms reopened

A Peloton Interactive Inc. logo on a stationary bike at the company's showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.
Adam Glanzman | Bloomberg | Getty Images

Peloton needs to prove it can grow in a post-pandemic world before the stock can beat the market again, according to investment firm Wedbush.