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KarlDieGlatze

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KarlDieGlatze

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Wednesday, 03/13/2019 9:14:03 AM

Wednesday, March 13, 2019 9:14:03 AM

Post# of 3517
03/13/19
Overstock.com 'compelling' on mispriced assets, says DA Davidson DA Davidson analyst Tom Forte kept his Buy rating and $58 price target on Overstock.com, maintaining his view that the stock is "compelling" with e-commerce and blockchain assets as mis-priced. The analyst estimates $31 per share valuation in e-commerce "unlocked through sale to a strategic buyer" and $27 per share for the company's Medici ventures blockchain portfolio. Ahead of next week's earnings call, Forte forecasts Overstock.com to post a 6% revenue growth. The analyst adds that he is looking forward to the company allowing all investors, not just accredited ones to trade its tZERO security tokens.

Read more at:
https://thefly.com/landingPageNews.php?id=2878362
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