Maxim analyst Allen Klee resumed coverage of Overstock.com with a Buy rating, saying he expects the company's Retail e-commerce segment to shift to EBITDA profitability and for its blockchain tZero assets to gain "multiple product approvals" this year. The analyst notes that his price target of $34 is reduced from $75 under prior coverage and reflects expectations of a slower pick-up for tZERO as well as greater Medici projected losses, but believes that the blockchain investment has the potential to be a significant earnings contributor in the longer term.