12 Best E-Commerce Stocks to Buy According to Analysts

Page 4 of 11

8. ATRenew Inc (NYSE:RERE)

Analyst Upside: 50.94%

Number of Hedge Fund Holders: 12

Formerly known as AiHuiShou International Co Ltd, ATRenew Inc (NYSE:RERE) is a Chinese consumer electronics transactions and services platform. Its main business includes selling products such as laptops, mobile phones, drones, digital cameras, and other electronic digital products through its online platforms and some offline stores. The company also provides services to third-party merchants for product sales through its platforms.

The company’s revenue increased by 24.4% in fiscal Q3 2024, reflecting its growing popularity. Its product revenue increased by 25.6% year over year. ATRenew Inc.’s (NYSE:RERE) core recycling business is performing well in Mainland China, with revenue increasing by over 30% year-over-year.

The company’s multicategory recycling business also experienced a significant 270% year-over-year increase in transaction value. In addition, ATRenew Inc.’s (NYSE:RERE) recycling and trading business through JD.com soared by 40% in fiscal Q3 2024. Analysts are thus bullish on the stock due to its strong fundamentals and growing popularity. It takes the eighth spot on our list of the 12 best e-commerce stocks to buy according to analysts.

Page 4 of 11