Wedbush Reiterates Outperform on Overstock.com, Maintains $43 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Michael Pachter has reiterated an Outperform rating on Overstock.com (NASDAQ:OSTK) and maintained a $43 price target.
October 20, 2023 | 1:21 pm
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POSITIVE IMPACT
Overstock.com's stock rating has been reiterated as Outperform by Wedbush, with a maintained price target of $43.
The reiteration of an Outperform rating by a reputable analyst like Michael Pachter from Wedbush is a positive signal for Overstock.com. It suggests that the company is expected to outperform the market, which could lead to an increase in its stock price. The maintained price target of $43 also indicates that the analyst believes the stock is still undervalued, which could attract more investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100