Wall Street Dreams of 122% Upside for Casper Sleep
For a stock that has failed to benefit from the record stock market rally over the past 18 months, Wall Street has placed a lot of faith in Casper Sleep (NYSE: CSPR) to power ahead in the year to come.
From the market's bottom on March 23 of last year to today, the S&P 500 doubled in value, an extraordinary run that was not matched by the mattress maker, which gained just over 20% in that same time frame. Yet over the next 12 months, analysts have a consensus price target on Casper that anticipates shares of the mattress retailer will soar 122% to more than $9 a share.
Considering the headwinds Casper is facing, it's hard to see why Wall Street analysts have such faith in its ability to bounce back so strongly.
Source Fool.com
