ContextLogic Inc Ordinary Shares Class A WISH Stock Price Today, Quote, Latest Discussions, Interactive Chart and News

But the company will have to face tough competition from big companies in the future. When looking at WISH stock price prediction, it’s important to bear in mind that analysts’ forecasts can be wrong. Projections are based on making fundamental and technical studies of the Wish stock performance. Out of the 12 analysts covering the stock, four rated it as a ‘buy’, five rated it a ‘hold’, while the remaining three rated it a ‘sell’. These analysts derived from UBS Group, Citigroup, Credit Suisse Group, Loop Capital, Bank of America and Goldman Sachs, among others.

If you are looking for the Wish Stock Price Prediction or finding the potential of the Wish stock, this price forecast can be helpful for you. Our Wish Stock Price Forecast is based on a deep technical analysis and the past performance of Wish Stock tock. Here we will try to analyze the potential of Wish Stock in the long term. The company entered a two-year partnership with Paris-based PrestaShop, a leading e-commerce platform, in June 2021. The partnership has allowed more than 300,000 merchants and brands on the PrestaShop platform to sell their products on the Wish marketplace.

Olectra greentech share price target 2023, 2024, 2025, 2030 in future ? Is Olectra Greentech a good investment?

Its overwhelming dependence on China is the root of many of its logistics and quality control issues, but it also differentiates its marketplace with cheaper products than regional e-commerce competitors. Wish’s first near-term priority will be to stop that bleeding. It’s been reining in its marketing expenses, but it’s also been increasing its logistics investments and subsidies for higher-quality merchants. That balancing act could be very difficult to pull off as its revenue growth decelerates. The market cap of the company is very low, so sometimes, due to the stock operator, a jump in the stock can also be seen, but it is only for a short period of time.

However, Yan believes Wish can stop the bleeding by improving the consumer experience, deepening its merchant relationships, and achieving “operational excellence” by streamlining its expenses. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Forward P/E uses projections of future earnings instead of final numbers. We shall be not liable for any inaccuracies or delays in our content, or for any actions taken by you in reliance thereon.

Zopa steps into price comparison, launching its own energy switching service

None of the information presented should be construed as an offer to sell or buy any particular security. Taking into account the business model of ContextLogic, recent developments, and external influencing factors, the company’s stock holds potential in 2023. The focus on integrating AI technology into its platform could offer a significant competitive edge.

• Ju adjusted the rating following ContextLogic’s first-quarter results.
• ContextLogic will start 2030 at $21.28, then soar to $21.72 within the first half of the year, and finish 2030 at $22.18.
• At the same time, its heavy dependence on China backfired as the region’s zero-COVID lockdowns disrupted its overseas shipments.
• It declined to provide an exact top line forecast, but said its revenues had already declined about 15% sequentially so far between the first months of the fourth and first quarters (October 2022 and January 2023).
• While the company experienced fluctuations in stock value in previous years, it has proven its adaptability and growth potential in the volatile e-commerce landscape.
• The 4-hour chart shows a clear, almost horizontal, line of resistance.

Forecasts are adjusted once a day taking into account the price change of the previous day. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023. Firstly, only 18,400,000 of the available 340,700,000 shares have been borrowed against short sales.

Week Data

The company was incorporated in 2010 and is headquartered in San Francisco, California. According to 4 stock analysts, the average 12-month stock price forecast for ContextLogic stock is $6.38, which predicts an increase of 2.74%. In some cases, Reddit traders have assigned exorbitant target prices to stocks that seem out of sync with their outlook and fundamentals.

Finally, ContextLogic’s chief executive officer Piotr Szulczewski stepped down on the same day as Liu’s appointment as CFO. Between now and then, Wish could nearly quadruple your money over the next year, making it a buy at the $7 mark. The WISH app is one of the most downloaded shopping apps in the world today, and that’s why some analysts still have high hopes for the company… While ContextLogic has an impressive global business, it’s also working to expand its “local” operation, called Wish Local. Wish Local is a platform partnered with brick-and-mortar stores looking to establish an online presence. One thing that makes ContextLogic unique is the proprietary artificial intelligence (AI) programs it uses to go through its millions of users and merchants to improve its customers service.

Start a global, multi-asset portfolio with an award-winning platform

The MACD is a momentum indicator where the reading is obtained by deducting the 26-period exponential moving average (EMA) from the 12-period EMA. ContextLogic reported rocket bunny crypto price financial results for the third quarter ending 30 September 2021 in November 2021. The company’s net loss narrowed to $64m for that quarter from $99m a year earlier.

• The business model primarily revolves around sourcing goods directly from manufacturers, bypassing the traditional retail middleman.
• According to Wallet Investor, WISH stock may reach $13.86 in January 2027.
• Out of the most recent ratings, the UBS Group downgraded the stock from buy to neutral, with a price target of $4 and an upside of 19.40%.
• 3 brokerages have issued 1 year target prices for ContextLogic’s stock.
• Vipshop, which owns a flash sale marketplace, went public at a split-adjusted price of $0.65 per share back in 2012.

The analysts’ consensus 12-month WISH stock price target was $9.95 and had an upside potential of 330.93% based on the current stock price. The stock projection varied from the low price target of $4 to a high of $22. Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. The 4-hour chart shows a clear, almost horizontal, line of resistance.

Its logistics and quality control issues, the abrupt resignation of its founder and CEO Piotr Szulczewski, regulatory headwinds in France, and insider sales exacerbated that sell-off. ContextLogic stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2023, 2024, 2025, 2026 and 2027)
The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for ContextLogic shares. The stock is likely to go up in the future, based on algorithm-based analysis. However, based on a fundamental study of the company’s earnings in the first nine months of 2021, which was the latest available data, the stock’s performance may not be up to the mark. The company’s logistics segment was the only part of the business that reported a rise in revenue, amounting to 101% over the nine-month period, while the marketplace segment incurred a loss of 18%.

The AI can comb through 100 million users, over 500,000 merchants, and nearly 2 million items to get a complete picture of customer preferences on the site. You can go online to find low-priced items you would not find anywhere else. We predict the dynamics of the stock market value using resonant artificial intelligence systems. One share of WISH stock can currently be purchased for approximately $6.21.