ContextLogic Has Nothing to Do With Retail, If there’s one business that I can understand quickly, it’s retail. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. - Try Now Risk-Free - Money-back guarantee! Let’s start with Chief Executive Officer Peter Szulczewski. 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. MyWish price equal to 0.480 USD at 2021-02-04, but your current investment may be devalued in the future. (Add your “outperform” vote. See what's happening in the market right now with MarketBeat's real-time news feed. Sign-up to receive the latest news and ratings for WISH and its competitors with MarketBeat's FREE daily newsletter. When I look at ContextLogic and WISH stock, I just don’t get the same kind of feeling. ContextLogic has received 14 “outperform” votes. Joe Lonsdale is a venture capital guy. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. Compare Top Brokerages Here. ContextLogic had issued 46,000,000 shares in its initial public offering on December 16th. Other than the low prices, I can’t figure out what’s so special about its user experience. View our full suite of financial calendars and market data tables, all for free. Don’t Let Reddit’s r/WallStreetBets Become Your QAnon >>> READ MORE, 7 F-Rated Growth Stocks to Sell Sooner Than Later, 7 Biotech Stocks With Catalysts That Go Far Beyond Covid-19 Vaccines, Louis Navellier and the InvestorPlace Research Staff, Disruptive Innovator Canoo Has HUGE Upside Potential. ContextLogic does not currently pay a dividend. Do Not Sell My Information. Get short term trading ideas from the MarketBeat Idea Engine. 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. The outlook for Riot’s share price is closely aligned with the price of Bitcoin. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. PDF Print Email Facebook Twitter LinkedIn Reddit APV; Leave a Comment On the Gripping Hand, Part 3. 14 brokerages have issued 12-month target prices for ContextLogic's shares. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 View our earnings forecast for ContextLogic. The small-cap marijuana stock has risen 555 percent in 2021 … Learn about financial terms, types of investments, trading strategies and more. Wall Street analysts have given ContextLogic a "Buy" rating, but there may be better short-term opportunities in the market. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. With a 5-year investment, the revenue is expected to be around +35.43%. Although it predicts a recovery to 30.31 pence by December, it forecasts the stock will drop to zero in 2022. He forecasts real GDP growth of between 4.0% and 4.5% in 2021. 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, ContextLogic announced on Dec. 18, 2020, that it, , and before that, she was at Yahoo; she served on the board of. 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. What Did the Stock Market Do Today? MarketBeat just released five new trading ideas, but ContextLogic wasn't one of them. ContextLogic has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Another Google alum, Stephanie Tilenius, brings a little of everything to the table, including most recently as CEO of a healthcare platform. View all of WISH's competitors. ContextLogic employs 828 workers across the globe. 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 $3.47 for 2021, with the lowest EPS forecast at $3.37, and the highest EPS forecast at $3.71. One share of WISH stock can currently be purchased for approximately $18.64. Ari Emanuel is Mr. Hollywood. It operates Wish, an ecommerce platform that connects merchants and consumers. The company issued 46,000,000 shares at a price of $22.00-$24.00 per share. On average, they anticipate ContextLogic's stock price to reach $24.25 in the next twelve months. The venture capital investors have to have board seats. ContextLogic trades on the NASDAQ under the ticker symbol "WISH.". © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Riot stock forecast for 2021: outlook tied to the Bitcoin price. The company issued revenue guidance of $735-750 million, compared to the consensus revenue estimate of $668.32 million. Their median target price is $69, with a high of $100 and a low of $15. Hans Tung is a managing partner at GGV Capital. Your current $100 investment may be up to $135.43 in 2026. I get it. He particularly enjoys creating model portfolios that stand the test of time. On average, analysts forecast that RTX's EPS will be $4.89 for 2022, with the lowest EPS forecast at $4.11, and the highest EPS forecast at $5.90. Lastly, another venture capital director. ), ContextLogic has received 6 “underperform” votes. 4 Names To Know, view top-rated stocks among Wall Street analysts, Receive Analysts' Upgrades and Downgrades Daily. He co-founded and is a general partner at Eight Partners VC. Fundamental company data provided by Zacks Investment Research. Tilray's stock forecast in 2021 According to the estimates compiled by TipRanks, Tilray has an average one-year target price of $11.95, which is 60 percent lower than its current prices. Copyright © Walletinvestor is also bullish about the ITM Power share price forecast in 2021. Let’s first do a very quick virus update. 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). 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. Is Stitch Fix Stock a good buy in 2021, according to Wall Street analysts? ContextLogic's stock was trading at $0.3601 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). by John Mauldin of Mauldin Economics, 1/22/21. View which stocks are hot on social media with MarketBeat's trending stocks report. Microsoft's stock forecast looks bright in 2021 because the factors that propelled the stock in the past few years remain. By the time you read this, the US will likely have administered 20 million vaccinations. When you hear him speak, you get where he and the company are coming from. ITM Power stock news ContextLogic Inc - Class A quote is equal to 18.690 USD at 2021-03-13. ContextLogic has received a consensus rating of Buy. He’s the CEO of Endeavour Group Holdings, one of the world’s largest talent agencies. While I haven’t looked at the numbers in the four years since I’m pretty sure it’s right up there. This suggests a possible upside of 30.1% from the stock's current price. According to analysts' consensus price target of $24.25, ContextLogic has a forecasted upside of 30.1% from its current price of $18.64. That’s fine. There is no doubt that this woman is smart and accomplished. FAANG stocks — the big American tech companies Facebook, Amazon, Apple, Netflix and Alphabet (aka Google) — will be reporting earnings at the beginning of next week. ContextLogic does not have a long track record of dividend growth. Specifically, they have bought $0.00 in company stock and sold $145,913,905.00 in company stock. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Such a wide range of targets isn't unusual. All rights reserved. So, I’ve been playing around with the Wish website. 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. Szulczewski spent a few years at Google before leaving to found the company in July 2010. The total size of the offering was $1,104,000,000 based on an initial share price of $24.00. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. Microsoft stock recently shared their Q3 earnings report and the company continues to perform well in their cloud and services segments. Forecasting service Wallet Investor is bearish on the long-term future of the stock. The 5 year and 10 year projections for the US stock markets still look promising. London Stock Exchange Stock Forecast, LSE Stock Price Predictions with Smart Prognosis Chart 2021-2022. However, you don’t put someone like this on your board unless you’ve got an agenda in mind. Her knowledge of the financial services and technology sectors, as well as her extensive work with SMBs and understanding the complexities of international ecommerce will be extremely valuable to our business,” said CEO Peter Szulczewski. ContextLogic Inc. (NASDAQ:WISH) issued its earnings results on Sunday, March, 7th. I am confident she will be a positive addition to the board and believe she will help us achieve our long-term vision of unlocking ecommerce for all.”. According to its ITM Power stock outlook, the stock’s price will rise up to 1,406p in a 5-year period. ContextLogic has received 70.00% “outperform” votes from our community. Goldman Sachs & Co., J.P. Morgan and BofA Securities acted as the underwriters for the IPO and Citigroup, Deutsche Bank Securities, UBS Investment Bank, RBC Capital Markets and Credit Suisse were co-managers. And he’s Canadian, like me, so I’ll go easy on him. Toronto Stock Exchange Stock Forecast, TSX Stock Price Predictions with Smart Prognosis … What price target have analysts set for WISH? The company provided earnings per share (EPS) guidance of for the period. Shares of one of the most inspirational social networks Pinterest (PINS) have proved to be one of the most steadily growing assets amid the global pandemic and a new stay-at-home work-from-home reality, which forced people to look up creative ideas online more than usual.. Stitch Fix's share price could stay at $51.70 by Feb 1, 2022. ... with the highest SFIX stock price forecast at $95.00 and the lowest SFIX stock price forecast at $11.00.On average, Wall Street analysts predict that . Based on our forecasts, a long-term increase is expected, the "WISH" stock price prognosis for 2026-03-06 is 25.312 USD. Reses spent five years at Square (NYSE:SQ), a company that I love, and before that, she was at Yahoo; she served on the board of Alibaba (NYSE:BABA), is currently involved with a couple of high-powered special purpose acquisition companies (SPACs), including Bill Ackman’s Pershing Square Tontine Holdings (NYSE:PSTH), and spent many years in private equity at Apax Partners. Learn more. Ethereum Prices Set to Go Ballistic on NFT Mania, It’s Onwards and Upwards for Stellar Lumens, Buy the Dip in Palantir as the Stock Continues to Work, 4 Great Growth Stocks That Could Double Your Investment. 4. The company was founded in 2010 and is headquartered in San Francisco, California. By 2024, this market is expected to be worth $4.5 trillion -- that's more than double what it was in 2019, according to eMarketer forecasts cited in the Wish IPO prospectus. He’s also an entrepreneur, having founded several companies. Want to see which stocks are moving? As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Its business is so hard to define; I have a tough time understanding why anyone would invest in WISH stock. before leaving to found the company in July 2010. Nasdaq ContextLogic Inc. operates as a mobile ecommerce company in Europe, North America, South America, and internationally. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Either it plans to acquire a bunch of little fish in a consolidation play, or it wants to bulk up to make itself very attractive to Jeff Bezos. He lives in Halifax, Nova Scotia. There are currently 5 hold ratings and 9 buy ratings for the stock. To see all exchange delays and terms of use please see disclaimer. The company provided earnings per share guidance of for the period. ContextLogic's management team includes the following people: Start Your Risk-Free Trial Subscription Here, Timing key in consulting deal between FirstEnergy, regulator, You Must Recognize Your Own Achievements First Before Expecting Others To, The Latest: Paris may face new lockdown as ICUs fill up, 'Big burden' for schools trying to give kids internet access, The Latest: Pakistan imposes partial lockdown in some areas, Once a virus epicenter, Los Angeles set to reopen - partly, Three Mall Retailers For Your Reopening Watchlist, 3 Growth Stocks with Above Market Dividend Yields, 3 Best Stocks to Buy That You’ve Probably Never Heard Of, Ferroglobe Will Get a Big Lift From Demand For Silcon Wafers, Blue Bird Stock is a Dual Tailwinds EV and Re-Opening Play, Nautilus Stock is a Pullback Buying Opportunity Here, The Launch of Truforma Should Send Zomedica to An All-Time High, Defi Markets Pause But New Highs Are In Sight, 7 Stocks That Cathie Wood is Buying And You Should Too, 7 Internet of Things Stocks That Are a Perfect Fit to Our Connected Future, 7 Undervalued Stocks That Deserve More Attention, 7 Semiconductor Stocks Set to Gain From the Chip Shortage, 7 Great Dividend Stocks to Buy For a Comfortable Retirement, 7 Penny Stocks That Don’t Care About Robinhood, 7 Hotel Stocks Just Waiting For the Vaccine, 7 Stocks to Watch When Student Debt Forgiveness Gets Passed, 7 Healthcare Stocks Delivering Innovation in 2021, 7 Lithium Stocks That Will Power the Electric Vehicle Boom, Contextlogic Inc (WISH) CFO Rajat Bahri Sold $5.6 million of Shares - Yahoo Finance, ContextLogic Inc.'s (WISH) CEO Peter Szulczewski on Q4 2020 Results - Earnings Call Transcript - Seeking Alpha, ContextLogic’s 1Q Revenue Outlook Exceeds Expectations After 4Q Beat; Shares Rise - Nasdaq, ContextLogic’s 1Q Revenue Outlook Exceeds Expectations After 4Q Beat; Shares Rise, ContextLogic Inc. (WISH) CEO Peter Szulczewski on Q4 2020 Results - Earnings Call Transcript - Seeking Alpha, Wish Reports Fourth Quarter and Fiscal Year 2020 Financial Results - Yahoo Finance, ContextLogic (WISH) Misses Q4 EPS by 1c, Revenues Beat; Offers 1Q Revenues Guidance Above Consensus - StreetInsider.com, Wish parent tops estimates in first earnings report since IPO - Seeking Alpha, Wish Reports Fourth Quarter and Fiscal Year 2020 Financial Results - Business Wire, ContextLogic Inc - Ordinary Shares - Class A to Host Earnings Call - Yahoo Finance, ContextLogic stock rises as revenue tops Street view - MarketWatch, ContextLogic Inc - Ordinary Shares - Class A to Host Earnings Call, Wish Reports Fourth Quarter and Fiscal Year 2020 Financial Results, ContextLogic Will Leave You Wishing For Higher Returns - Seeking Alpha, Goldman-backed secondhand clothing retailer ThredUp files for IPO - Reuters, Wish to Attend Deutsche Bank’s 29th Annual Media, Internet & Telecom Conference - Yahoo Finance, Wish to Attend Deutsche Bank’s 29th Annual Media, Internet & Telecom Conference, Form 8-K KULR Technology Group, For: Mar 02 - StreetInsider.com. Lululemon CEO Calvin McDonald has spent decades in retail. Good to have. In 2023, RTX's EPS is forecast to hit $6.22 (min: $5.85, max: $6.60). Copyright © 2021 InvestorPlace Media, LLC. It gives a 74p median price target for the next 12 months, considering ITM Power a good long-time investment. The company’s goals are easy to understand: Double sales of its men’s business, double online sales, and quadruple international sales. “We are delighted to be welcoming Jacqueline Reses to our board of directors. View ContextLogic's Short Interest. Forecast 2021: The Stock Market. It’s always good to have someone like this on the board. Their forecasts range from $19.00 to $31.00. I once got my wife to go to the UCLA sports shop to get me a blue and gold sweatshirt while she was in Los Angeles on business. Contextlogic Inc (WISH) Founder, CEO, and Chairperson Piotr Szulczewski Sold $105. ContextLogic updated its first quarter 2021 While I haven’t looked at the numbers in the four years since I’m pretty sure it’s right up there. Are These Retail Stocks Worth Buying In February? Therefore, using a 3.5 multiple, WISH stock is … MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. ContextLogic updated its first quarter 2021 After-Hours earnings guidance on Monday, March, 8th. © American Consumer News, LLC dba MarketBeat® 2010-2021. Maybe I’m missing something but WISH stock doesn’t seem like the kind of experience worth paying seven times sales for. . Article continues below advertisement However, one stock has caught everyone’s attention, and that's Sundial Growers. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Tanzeen Syed is a managing director of General Atlantic and an all-around technology expert. Will Ashworth has written about investments full-time since 2008. 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. About the American Premium Water Corporation stock forecast. View which stocks have been most impacted by COVID-19. WISH stock was purchased by a variety of institutional investors in the last quarter, including Formation8 GP LLC, Temasek Holdings Private Ltd, Morgan Stanley, BlackRock Inc., Janus Henderson Group PLC, Anglepoint Asset Management LTD., Alyeska Investment Group L.P., and Alyeska Investment Group L.P.. Company insiders that have bought ContextLogic stock in the last two years include Cove Street Capital, Llc, Dort A Cameron III, and Harvey P Eisen. Identify stocks that meet your criteria using seven unique stock screeners. About the Wright Investors’ Service Holdings, Inc. stock forecast. Export data to Excel for your own analysis. 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. ContextLogic last announced its quarterly earnings results on March 7th, 2021. One look at ContextLogic (NASDAQ:WISH) and I get the distinct impression that it’s anything but a retail e-commerce site. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. You may vote once every thirty days. (Add your “underperform” vote.). Shares of WISH can be purchased through any online brokerage account. 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). Bombardier Inc has been showing a declining tendency so we believe that similar market segments were mildly popular in the given time frame. All rights reserved. are easy to understand: Double sales of its men’s business, double online sales, and quadruple international sales. MarketBeat's community ratings are surveys of what our community members think about ContextLogic and other stocks. Nothing wrong with that. View analysts' price targets for ContextLogic or view top-rated stocks among Wall Street analysts. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/wish-stock-contextlogic-has-nothing-to-do-with-retail/. If you are looking for virtual currencies with good return, WISH can be a bad, high-risk 1-year investment option. All rights reserved. Learn everything you need to know about successful options trading with this three-part video course. Back in August 2016, I said that Lululemon (NASDAQ:LULU) would be one of the top 50 performing stocks in the S&P 500 over the next decade. About the Bombardier Inc stock forecast. On average, 3 Wall Street analysts forecast LAC's earnings for 2022 to be $-5,179,999, with the lowest LAC earnings forecast at $-45,679,000, and the highest LAC earnings forecast … The company issued revenue guidance of $735-750 million, compared to the consensus revenue estimate of $668.32 million. On average, 11 Wall Street analysts forecast SQ's earnings for 2022 to be $370,174,019, with the lowest SQ earnings forecast at $121,752,936, and the highest SQ earnings forecast at $775,611,296. He’s a math geek. “Since our founding in 2010, our vision has been to unlock ecommerce for consumers and merchants, by providing consumers access to a vast selection of affordable products and by providing merchants access to hundreds of millions of consumers globally.”. In 2023, PYPL's EPS is forecast to hit $5.68 (min: $5.22, max: $5.90). over the next decade. Approximately 6.3% of the company's shares are short sold. Vote “Underperform” if you believe WISH will underperform the S&P 500 over the long term. In the past three months, ContextLogic insiders have sold more of their company's stock than they have bought. The company reported ($3.04) EPS for the quarter, missing the Zacks' consensus estimate of ($3.03) by $0.01. On average, 12 Wall Street analysts forecast SQ's earnings for 2021 to be $131,538,265, with the lowest SQ earnings forecast at $-49,603,048, and the highest SQ earnings forecast at $297,618,288. ContextLogic is scheduled to release its next quarterly earnings announcement on Monday, June 14th 2021. Vote “Outperform” if you believe WISH will outperform the S&P 500 over the long term. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Oil will finish 2021 above $70 per barrel. The company's average rating score is 2.64, and is based on 9 buy ratings, 5 hold ratings, and no sell ratings. 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. Goldman Sachs forecasts the S&P 500 companies will fall 33% this in 2020, and then rocket up higher than 50% in 2021. He’s a math geek. Next up is another VC person. 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ContextLogic in the last twelve months. Find the latest ContextLogic Inc. (WISH) stock quote, history, news and other vital information to help you with your stock trading and investing. View ContextLogic's earnings history. The consensus among Wall Street equities research analysts is that investors should "buy" ContextLogic stock. London Stock Forecast. WISH stock has done OK since its IPO in December, but it could do better with a passionate board By Will Ashworth , InvestorPlace Contributor Feb 9, 2021, 2:35 pm EST February 9, 2021 And he’s Canadian, like me, so I’ll go easy on him. As of 2021 March 12, … View insider buying and selling activity for ContextLogic or or view top insider-buying stocks. ContextLogic's lock-up period expires on Monday, June 14th. Let’s just say he’s got gumption. (WISH) raised $1.1 billion in an IPO on Wednesday, December 16th 2020. Earnings ContextLogic (NASDAQ:WISH) Earnings Information. But I have difficulty understanding why you have an eight-person board with absolutely no representation from the apparel or retail industries. Pinterest stock forecast: is it a good investment for 2021-2025? Our Accessibility Statement Please log in to your account or sign up in order to add this asset to your watchlist.
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