Cowen initiated coverage on shares of ContextLogic (OTCMKTS:WISH) in a research note released on Monday morning, The Fly reports. The firm issued an outperform rating on the stock.
A number of other research firms have also weighed in on WISH. Oppenheimer began coverage on shares of ContextLogic in a research note on Monday. They set an outperform rating and a $30.00 target price on the stock. Stifel Nicolaus began coverage on shares of ContextLogic in a research note on Monday. They set a hold rating and a $22.00 target price on the stock. Bank of America began coverage on shares of ContextLogic in a research note on Monday. They set a buy rating and a $26.00 target price on the stock. Credit Suisse Group assumed coverage on shares of ContextLogic in a research note on Monday. They issued an outperform rating and a $31.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on ContextLogic in a report on Monday. They issued a buy rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $25.64.
WISH stock opened at $23.92 on Monday. The company’s 50 day moving average price is $11.94 and its 200 day moving average price is $3.27. ContextLogic has a fifty-two week low of $17.41 and a fifty-two week 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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