ContextLogic (WISH) Crashes 27% on Weak Q2 Results as Demand Slows, At Least 5 Analysts Downgrade Including a Double Downgrade by JPM
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Oppenheimer Downgrades ContextLogic Inc (WISH) to Perform
August 13, 2021 8:22 AM EDTOppenheimer analyst Jason Helfstein downgraded ContextLogic Inc (NASDAQ: WISH) from Outperform to Perform.
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.
... MoreContextLogic Inc (WISH) PT Lowered to $15 at Loop Capital
August 13, 2021 7:17 AM EDTLoop Capital analyst Laura Champine lowered the price target on ContextLogic Inc (NASDAQ: WISH) to $15.00 (from $20.00) while maintaining a Buy rating.... 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
William Blair Downgrades ContextLogic Inc (WISH) to Market Perform
August 13, 2021 6:07 AM EDTWilliam Blair analyst Ralph Schackart downgraded ContextLogic Inc (NASDAQ: WISH) from Outperform to Market Perform.
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.
... MoreBofA Securities Downgrades ContextLogic Inc (WISH) to Neutral
August 13, 2021 6:04 AM EDTBofA Securities analyst Michael McGovern downgraded ContextLogic Inc (NASDAQ: WISH) from Underperform to Neutral with a price target of $6.00.
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.
... MoreContextLogic Inc (WISH) PT Lowered to $19 at Credit Suisse
August 13, 2021 5:45 AM EDTCredit Suisse analyst Stephen Ju lowered the price target on ContextLogic Inc (NASDAQ: WISH) to $19.00 (from $24.00) while maintaining a Outperform rating.... More
JPMorgan Double Downgrades ContextLogic Inc (WISH) to Underweight
August 13, 2021 5:38 AM EDTJPMorgan analyst Doug Anmuth downgraded ContextLogic Inc (NASDAQ: WISH) from Overweight to Underweight with a price target of $5.00 (from $17.00).
The analyst comments "ContextLogic operates Wish, one of the largest global ecommerce platforms, connecting 90M+ MAUs in 100+ countries to 550k+ merchants. WISH targets an underserved... 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.
... MoreContextLogic (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
