Wedbush Thinks Overstock’s Stock is Going to Recover

In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Overstock (OSTKResearch Report), with a price target of $42.00. The company’s shares closed last Thursday at $30.40, close to its 52-week low of $24.69.

According to, Pachter is ranked 0 out of 5 stars with an average return of -5.2% and a 41.5% success rate. Pachter covers the Technology sector, focusing on stocks such as Playtika Holding, Unity Software, and Corsair Gaming.

Currently, the analyst consensus on Overstock is a Moderate Buy with an average price target of $77.67, implying a 187.7% upside from current levels. In a report issued on July 21, D.A. Davidson also maintained a Buy rating on the stock with a $116.00 price target.

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Overstock’s market cap is currently $1.32B and has a P/E ratio of 11.96.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities., Inc. operates on online shopping commercial site. The firm also sells these products through,, and It operates through the following business segments: Retail, tZERO, and Other. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers. The Other Segment consists of Medici business. The company was founded by Patrick Michael Byrne on May 5, 1997 and is headquartered in headquartered in Salt Lake City, UT.

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