Overstock.com: Here’s what you need to know

B of A Securities downgraded Overstock.com’s rating OSTK to neutral with a price target of $38.00, changing its price target from $85.00 to $38.00.

Shares of Overstock.com are trading down 5.79% in the past 24 hours, at $31.74 per share.

A move to $38.00 would represent a 19.72% increase over the current stock price.

About Overstock.com

Overstock.com Inc is an online retailer that provides products and services through websites. The company offers a wide range of products, including furniture and home decor, jewelry, watches, apparel and accessories, BMMGs (such as books, magazines, CDs), electronics and other items. The range of products for home and garden represents a significant part of its total turnover. The Company operates through a Direct Company that makes sales from its own inventory and a Partner Company that sells merchandise from manufacturers, distributors and other vendors through the Company’s websites. . The company generates the majority of its total revenue from partners in terms of commercial format and the United States in terms of market.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that this expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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