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Home โบ Stocks โบ NEWEGG COMMERCE INC (NEGG) Stock Forecast & Price Prediction United States | NASDAQ | Consumer Cyclical | Internet Retail
$44.77
+2.61 (6.19%)Did NEGG Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Newegg is one of their latest high-conviction picks.
NEGG has shown a year-to-date change of -11.8% and a 1-year change of 1,024.9%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for NEGG. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NEGG.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Feb 6, 2023 | Noble Capital Markets | Michael Kupinski | Outperform | Initiates | $3.50 |
The following stocks are similar to Newegg based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
NEWEGG COMMERCE INC has a market capitalization of $938.67M with a P/E ratio of -20.0x. The company generates $1.31B in trailing twelve-month revenue with a -1.7% profit margin.
Revenue growth is +12.5% quarter-over-quarter, while maintaining an operating margin of -1.1% and return on equity of -19.7%.
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Online retailer specializing in computer hardware and electronics.
Newegg Commerce Inc. operates e-commerce platforms like Newegg.com and Newegg.ca, generating revenue by selling PCs, components, gaming equipment, and consumer electronics to both individual consumers and business customers. The company also offers logistics and support services for third-party sellers, enhancing its revenue streams.
The company is primarily listed on NASDAQ under the ticker NEGG and has a secondary listing on the Frankfurt Stock Exchange as J8D0. Investors in J8D0 can expect similar performance to NEGG, making it essential to consider Newegg's global business performance and fundamentals when evaluating this investment.
Consumer Cyclical
Internet Retail
762
Mr. Anthony K. Chow
United States
2021
The Portnoy Law Firm is investigating Newegg Commerce, Inc. (NASDAQ: NEGG) for potential securities fraud and may file a class action on behalf of investors.
An investigation into possible securities fraud at Newegg could lead to legal implications and financial losses, impacting investor sentiment and stock performance.
Investing in stocks during bearish sentiment may yield significant gains, as seen when the market briefly declined after the announcement of reciprocal tariffs a year ago.
Bearish sentiment often presents buying opportunities, as markets can rebound sharply. Historical patterns, like post-tariff announcements, suggest potential for significant gains.
Newegg Commerce, Inc. (NASDAQ: NEGG) has expanded its Trade-In Program to include DDR4 and DDR5 desktop memory, allowing customers to receive credit for new purchases.
Newegg's expansion of its Trade-In Program could boost customer engagement and sales, enhancing revenue potential and market competitiveness in the tech sector.
Newegg Commerce, Inc. (NASDAQ: NEGG) has opened its Gamer Zone in Diamond Bar, California, promoting gaming culture and community engagement. The facility is open Monday to Saturday from 10 a.m. to 7 p.m.
Newegg's launch of the Gamer Zone enhances brand engagement, potentially boosting customer loyalty and sales in the growing gaming sector, which can positively impact stock performance.
Newegg Commerce, Inc. (NASDAQ: NEGG) hosted an educational event for USC students on modern storage technology, in collaboration with Western Digital and UGREEN, focusing on data management practices.
Newegg's engagement with students and partnerships with tech firms highlight its commitment to innovation and education, potentially enhancing brand loyalty and attracting future customers.
Newegg Commerce, Inc. (NASDAQ: NEGG) has added Venmo as a payment option for U.S. customers at checkout, enhancing its digital payment flexibility.
Newegg's addition of Venmo as a payment option enhances customer convenience, likely boosting sales and customer retention, which can positively impact its stock performance.
Analyst forecasts for NEWEGG COMMERCE INC (NEGG) are not currently available. The stock is trading at $44.77.
Analyst ratings for NEGG are not currently available. The stock is currently trading at $44.77. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for NEGG are not currently available. The stock is trading at $44.77.
Newegg Commerce Inc. operates e-commerce platforms like Newegg.com and Newegg.ca, generating revenue by selling PCs, components, gaming equipment, and consumer electronics to both individual consumers and business customers. The company also offers logistics and support services for third-party sellers, enhancing its revenue streams.
Price targets from Wall Street analysts for NEGG are not currently available. The stock is trading at $44.77.
Price targets from Wall Street analysts for NEGG are not currently available. The stock is trading at $44.77.
Analyst ratings for NEGG are not currently available. The stock is trading at $44.77.
Stock price projections, including those for NEWEGG COMMERCE INC, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.