Peloton Interactive (NASDAQ: PTON) on Monday notched its new record for all-time high share price, closing at $94.80 per share, well above its previous record of $91.17 (reached on Sept. 9). This marks the third time the company has shattered the ceiling this month. Peloton has been an enormously popular stock during the pandemic, not least because it satisfies one important criterion for investors during our current Stay-in-Place Era -- its services are delivered entirely online. Additionally, its business -- like many of us -- is entirely confined to the home, where owners of its stationary exercise bikes work out to classes broadcast directly to subscribers. Image source: Peloton Interactive. Those bikes and related services are collectively a bona fide hit with consumers. The company's most recently reported quarter showed a robust 172% year-over-year increase in revenue, despite sharp cuts in marketing expenditures. And Peloton is moving aggressively to widen its customer base, introducing a new budget bike model for the cost-conscious. Another impetus to the stock is the recent rise of coronavirus cases in numerous locations throughout the word, and the return to certain lockdown mandates imposed by various authorities. This, of course, plays to the company's big strength as an exercise-in-your-living-room specialist. Many Peloton bulls believe the company still has plenty of growth in front of it, and as a consequence they are not overly concerned with the stock's rich valuations. While its all-important subscriber base more than doubled in the aforementioned quarter, it's still fairly low in relation to the potential market in fitness-crazed America. All told, the worldwide subscriber count was only 3.1 million at the end of that period. 10 stocks we like better than Peloton InteractiveWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Peloton Interactive. The Motley Fool has a disclosure policy.Source