Trends to Watch: E-commerce stocks
Ahead of the holiday season, there are numerous e-commerce stocks that investors have been watching. Many of these stocks have had negative performances so far this year but may recover during the holiday season. If you are looking to back this trend, here are a few names:
- Warby Parker (NYSE: WRBY) is down 63.21% so far this year, but its consensus price target implies it could gain 15%.
- Allbirds (NASDAQ: BIRD) is down 81.50% so far this year, but its consensus price target implies it could gain 82.5%.
- Shopify (NYSE: SHOP) is down 73.30% so far this year, but its consensus price target implies it could gain 8.35%.