#4 - Overstock.com (NASDAQ:OSTK)
Were you aware that Overstock.com (NASDAQ: OSTK) was one of Amazon’s largest competitors in terms of sales volume? I didn’t. But if you did, then I hope you’ve taken advantage of the $2.3 billion in revenue the company posted in 2020. The company has also now posted profitable earnings for four consecutive calendar quarters.
The company is focused on home furnishings and décor which were two sectors that were very popular during the pandemic. Millions of Americans were forced to look at their surroundings every day. And with few other entertainment options, they decided to put money into their homes. That trend is likely to continue throughout 2021 as the home-building market remains strong.
Analysts give OSTK stock a consensus buy rating with a potential upside of 32%. Beware of the short interest on this stock. It’s currently under 10%, but that wasn’t the case earlier in the year. However, if you have an appetite for risk, and a long-term outlook, this is a stock that looks to have plenty of upside.
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
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $27.00
