Smith Barney Citigroup began coverage on shares of ContextLogic (OTCMKTS:WISH) in a report released on Monday, The Fly reports. The brokerage issued a neutral rating and a $24.00 price target on the stock.
Several other equities research analysts have also recently weighed in on WISH. Loop Capital began coverage on ContextLogic in a research note on Monday. They set a hold rating and a $22.00 price objective on the stock. UBS Group began coverage on ContextLogic in a research note on Monday. They set a buy rating and a $28.00 target price on the stock. JPMorgan Chase & Co. began coverage on ContextLogic in a research note on Monday. They set an overweight rating and a $30.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on ContextLogic in a research note on Monday. They set a neutral rating and a $24.00 target price on the stock. Finally, Cowen began coverage on ContextLogic in a research note on Monday. They set an outperform rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $25.64.
Shares of OTCMKTS WISH opened at $23.92 on Monday. The business’s 50 day moving average is $11.94 and its two-hundred day moving average is $3.27. ContextLogic has a 1-year low of $17.41 and a 1-year high of $24.75.
ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. It operates Wish, an ecommerce platform that connects merchants and consumers. The company was founded in 2010 and is headquartered in San Francisco, California.
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