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Strong first-quarter performance fueled by government stimulus has led analysts to revise their forecast for U.S. retail e-commerce sales growth to 17.9% for 2021 from 13.7%. Furthermore, the surge of Delta variant infections is expected to renew investors’ interest in e-commerce stocks; indeed, brick-and-mortar stores have been witnessing reduced foot traffic lately.
Given this backdrop, Wall Street analysts predict popular e-commerce stocks ContextLogic Inc. (WISH), Overstock.com, Inc. (OSTK), and Poshmark, Inc. (POSH) will rally in price by more than 50% in the near term.
