Breaking News Adds Appeal with Joint Venture and E-Commerce Inc. (Nasdaq:OSTK), an online retailer that is seeking to sell that business to focus on the use of blockchain technology, offers investors strong potential for share-price appreciation, according to an equity research analyst who tracks the company closely.
The most promising opportunities are emerging from Overstock’s tZERO business unit, which recently announced a joint venture with BOX Digital to operate an exchange for listing regulated and publicly traded security tokens. “Significant value” exists in Overstock’s investment in tZERO, which accounts for $49 of the $100 stock price target placed on the company by Tom Forte, a senior research analyst at investment firm D.A. Davidson.
The joint venture announced on Tuesday, May 22, with BOX Digital, caused D.A. Davidson to affirm its “buy” rating on Overstock and its $100 price target, as well as recommend that investors purchase the company’s shares. Five catalysts for Overstock’s share price identified by Forte are a

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