JPMorgan Double Downgrades ContextLogic Inc (WISH) to Underweight
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ContextLogic (WISH) Crashes 27% on Weak Q2 Results as Demand Slows, At Least 5 Analysts Downgrade Including a Double Downgrade by JPM
August 13, 2021 9:03 AM EDTShares of ContextLogic (NASDAQ: WISH) have plunged more than 27% in pre-open Friday after the company reported Q2 sales of $656 million, lower than the $723 million consensus.
The company also delivered a loss of $0.18 per share, again lower than the consensus calling for a loss of $0.13 per share.
Wish has begun executing on initiatives designed to enhance the user experience and increase engagement on the Wish app following second-quarter results that did not meet our expectations, said Wish Founder and CEO Piotr... More
ContextLogic Inc (WISH) PT Lowered to $8 at Stifel
August 13, 2021 6:42 AM EDTStifel analyst Scott W. Devitt lowered the price target on ContextLogic Inc (NASDAQ: WISH) to $8.00 (from $12.00) while maintaining a Hold rating.
The analyst commented, "Wish reported disappointing 2Q results with revenue falling -7% y/y to $656mm, significantly below our $724mm estimate and the... More
Cowen Downgrades ContextLogic Inc (WISH) to Market Perform
August 13, 2021 5:33 AM EDTCowen analyst John Blackledge downgraded ContextLogic Inc (NASDAQ: WISH) from Outperform to Market Perform with a price target of $10.00 (from $18.00).
For an analyst ratings summary and ratings history on ContextLogic Inc click here. For more ratings news on ContextLogic Inc click here.
Shares of ContextLogic Inc closed at $9.41 yesterday.
... MoreAfter-Hours Stock Movers 08/12: (CODX) (RKT) (DIS) Higher; (WISH) (BLBD) (FIGS) Lower (more...)
August 12, 2021 5:52 PM EDTAfter-Hours Movers:
ContextLogic (NASDAQ: WISH) 20% LOWER; reported Q2 revenue of $656 million versus the consensus estimate of $722.92 million.
Co-Diagnostics (NASDAQ: CODX) 13.3% HIGHER; reported Q2 EPS of $0.33, $0.11 better than the analyst estimate of $0.22. Revenue for the quarter came in at $27.4 million versus the consensus estimate of $20.77 million. Co-Diagnostics sees Q3 2021 EPS of $0.19-$0.22, versus... More
ContextLogic (WISH) Misses Q2 Revenues
August 12, 2021 4:09 PM EDTContextLogic (NASDAQ: WISH) reported Q2 revenue of $656 million versus the consensus estimate of $722.92 million.
Wish has begun executing on initiatives designed to enhance the user experience and increase engagement on the Wish app following second-quarter results that did not meet our expectations, said Wish... More
