#4 - Overstock.com (NASDAQ:OSTK)
Perhaps one of the most unexpected pandemic winners has been the home furnishings category. And a company that has benefited from this growth has been Overstock.com (NASDAQ:OSTK). Furniture manufacturers have had a rough time of it over the last 20 years. But with Americans sheltering in place, many decided it was time that their home décor needed a face lift. And Overstock was more than happy to help them give their homes a facelift.
One catalyst for Overstock is its emerging cryptocurrency trading platform, tZero Markets a retail-oriented brokerage for digitized securities. Some analysts are excited about the potential that this may provide for the company’s earnings.
This may be a reason to hold the stock down the road, but for now, stick to the strength in the company’s core business. OSTK stock is up over 600% in 2020. And the company looks well positioned to continue that growth into 2021. Analysts agree. Overstock has a price target of over $100 which would be a near 100% gain from the stock’s current level.
About Overstock.com
Overstock.com, Inc operates as an online retailer in the United States. It offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. The company provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.
Read More - Current Price
- $0.00
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
