2021-02-22 08:22:48 OSTK Overstock.com
02/22/21 02/2208:22 02/22/2108:22 | Overstock.com price target raised to $110 from $98 at NeedhamNeedham analyst Rick Patel raised the firm's price target on Overstock.com to $110 from $98 and keeps a Buy rating on the shares ahead of its earnings today. The analyst says the company should see a continuation of strong trends from earlier last year and some follow-through in early 2021, with the ongoing COVID-driven consumer "nesting" supporting the positive data points in its home category. Patel adds that his January consumer survey indicated that the category would remain a "winner" this spring despite the availability of a vaccine. |
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