Wall Street analysts have given ContextLogic a "Buy" rating, but there may be better short-term opportunities in the market. While cryptocurrency prices will remain volatile in the near term, market observers expect them to continue trending higher over the long term, which would in turn lift the price of Riot shares. ContextLogic trades on the NASDAQ under the ticker symbol "WISH.". ContextLogic Inc - Class A quote is equal to 18.690 USD at 2021-03-13. 4 Names To Know, view top-rated stocks among Wall Street analysts, Receive Analysts' Upgrades and Downgrades Daily. before leaving to found the company in July 2010. In the past three months, ContextLogic insiders have sold more of their company's stock than they have bought. As my last bold prediction, I think oil will rise to at least $70 per barrel in 2021, which represents about 43% upside over the current price. If there’s one business that I can understand quickly, it’s retail. On average, they anticipate ContextLogic's stock price to reach $24.25 in the next twelve months. Hans Tung is a managing partner at GGV Capital. He’s the CEO of Endeavour Group Holdings, one of the world’s largest talent agencies. ContextLogic employs 828 workers across the globe. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The company issued revenue guidance of $735-750 million, compared to the consensus revenue estimate of $668.32 million. The company issued 46,000,000 shares at a price of $22.00-$24.00 per share. Tanzeen Syed is a managing director of General Atlantic and an all-around technology expert. The small-cap marijuana stock has risen 555 percent in 2021 … Microsoft stock forecast 2021: this cloud stock is a winner Microsoft may have earned an unfair reputation for being a boring company that is difficult to understand. On average, analysts forecast that PYPL's EPS will be $3.47 for 2021, with the lowest EPS forecast at $3.37, and the highest EPS forecast at $3.71. Its Aston Martin stock price prediction puts the price at 62.73 pence in January 2021, falling to 1.93 pence by August. Lululemon CEO Calvin McDonald has spent decades in retail. Some companies that are related to ContextLogic include Poshmark (POSH), Oriental Culture (OCG), 1847 Goedeker (GOED), 1847 Goedeker (GOED), AHAlife Holdings Limited (AHL.AX) (AHL), Allegro.eu (ALEGF), CBD of Denver (CBDD), Coupang (CPNG), Design Milk (DMC), Harris Technology Group (HT8), Mercari (MCARY), MyDeal.com.au (MYD), Namaste Technologies (N), Nextech Ar Solutions (NTAR) and Ocado Group (OCDGF). . It operates Wish, an ecommerce platform that connects merchants and consumers. One share of WISH stock can currently be purchased for approximately $18.64. All rights reserved. Also useful, especially if your goal is to be a tech company disguised as an e-commerce apparel retail site. over the next decade. ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. Pinterest stock forecast: is it a good investment for 2021-2025? (WISH) raised $1.1 billion in an IPO on Wednesday, December 16th 2020. The company can be reached via phone at 415 432 7323. Shares of WISH can be purchased through any online brokerage account. Walletinvestor is also bullish about the ITM Power share price forecast in 2021. With a 5-year investment, the revenue is expected to be around +35.43%. The outlook for Riot’s share price is closely aligned with the price of Bitcoin. Microsoft's stock forecast looks bright in 2021 because the factors that propelled the stock in the past few years remain. View insider buying and selling activity for ContextLogic or or view top insider-buying stocks. He’s a math geek. If ContextLogic’s goal is to beat Amazon (NASDAQ:AMZN) at discount e-commerce apparel, its board of directors is a sure sign that’s not what it’s after. What to Do With WISH Stock However, Amazon trades for 3.5 times forecast 2021 sales, according to Seeking Alpha. 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last twelve months. Especially when you can pay less than. My dad spent years in the industry, my wife did, some of my friends did, and even I spent several years at Eaton’s, Canada’s version of Macy’s (NYSE:M). MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. He lives in Halifax, Nova Scotia. Considering WISH stock, if ContextLogic had a couple of apparel and retail veterans on the board, I’d be a whole lot more comfortable betting on a business that lost $120 million in the first nine months of fiscal 2020 on $1.7 billion in sales. PDF Print Email Facebook Twitter LinkedIn Reddit APV; Leave a Comment On the Gripping Hand, Part 3. ContextLogic last announced its quarterly earnings results on March 7th, 2021. You can opt out at any time. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Specifically, they have bought $0.00 in company stock and sold $145,913,905.00 in company stock. View ContextLogic's earnings history. ContextLogic's lock-up period expires on Monday, June 14th. Their median target price implies a 24 percent upside. Therefore, using a 3.5 multiple, WISH stock is … His background includes technology banking and entrepreneurial stints and lots of experience investing in technology companies. Let’s first do a very quick virus update. On average, analysts forecast that RTX's EPS will be $3.61 for 2021, with the lowest EPS forecast at $3.40, and the highest EPS forecast at $3.80. Nothing wrong with that. Oil will finish 2021 above $70 per barrel. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but ContextLogic wasn't one of them. Lastly, another venture capital director. According to its ITM Power stock outlook, the stock’s price will rise up to 1,406p in a 5-year period. View our earnings forecast for ContextLogic. The consensus among Wall Street equities research analysts is that investors should "buy" ContextLogic stock. Vote “Outperform” if you believe WISH will outperform the S&P 500 over the long term. Especially when you can pay less than four times sales for Amazon, a business that generates $13.5 billion in operating profits just from its Amazon Web Services (AWS) division. All rights reserved. If you are looking for virtual currencies with good return, WISH can be a bad, high-risk 1-year investment option. To see all exchange delays and terms of use please see disclaimer. Although it predicts a recovery to 30.31 pence by December, it forecasts the stock will drop to zero in 2022. Based on an average trading volume of 7,480,000 shares, the short-interest ratio is currently 1.6 days. On average, analysts forecast that PYPL's EPS will be $4.39 for 2022, with the lowest EPS forecast at $4.27, and the highest EPS forecast at $4.47. That’s fine. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The total size of the offering was $1,104,000,000 based on an initial share price of $24.00. Granted, there is some reason for this given the tech company’s continued growth in the cloud segment and a shift towards a recurring and predictable subscription revenue model. FAANG Stocks Forecast for 2021: How Will Investors React? Learn about financial terms, types of investments, trading strategies and more. Learn everything you need to know about successful options trading with this three-part video course. Get daily stock ideas top-performing Wall Street analysts. There are currently 5 hold ratings and 9 buy ratings for the stock. Are These Retail Stocks Worth Buying In February? When I look at ContextLogic and WISH stock, I just don’t get the same kind of feeling. View which stocks have been most impacted by COVID-19. I get it. Let’s just say he’s got gumption. While I haven’t looked at the numbers in the four years since I’m pretty sure it’s right up there. Here’s how ContextLogic’s IPO describes its business: “We launched Wish with a simple mission – to bring an affordable and entertaining mobile shopping experience to billions of consumers around the world,” page 119 of the IPO prospectus states. Copyright © 2021 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201. Their median target price is $69, with a high of $100 and a low of $15. Lithium Americas Corp 's earnings in 2021 is -$36,234,000.On average, 4 Wall Street analysts forecast LAC's earnings for 2021 to be $-33,117,275, with the lowest LAC earnings forecast at $-59,382,700, and the highest LAC earnings forecast at $-9,135,800. ContextLogic Has Nothing to Do With Retail, If there’s one business that I can understand quickly, it’s retail.