ContextLogic Inc. Forecasted to Earn Q4 2020 Earnings of ($3.02) Per Share (OTCMKTS:WISH)


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ContextLogic Inc. (OTCMKTS:WISH) – Oppenheimer issued their Q4 2020 earnings per share estimates for ContextLogic in a report released on Sunday, January 10th. Oppenheimer analyst J. Helfstein anticipates that the company will post earnings per share of ($3.02) for the quarter. Oppenheimer currently has a “Outperform” rating and a $30.00 target price on the stock. Oppenheimer also issued estimates for ContextLogic’s Q1 2021 earnings at ($0.13) EPS, Q2 2021 earnings at ($0.06) EPS, Q3 2021 earnings at ($0.06) EPS, Q4 2021 earnings at ($0.08) EPS, FY2021 earnings at ($0.33) EPS, FY2022 earnings at ($0.07) EPS, FY2023 earnings at $0.26 EPS, FY2024 earnings at $0.63 EPS and FY2025 earnings at $1.01 EPS.

A number of other research analysts have also recently weighed in on WISH. Cowen assumed coverage on shares of ContextLogic in a research report on Monday. They set an “outperform” rating on the stock. Smith Barney Citigroup started coverage on shares of ContextLogic in a research report on Monday. They set a “neutral” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of ContextLogic in a report on Monday. They issued an “overweight” rating and a $30.00 price target on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of ContextLogic in a report on Monday. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of ContextLogic in a report on Monday. They issued a “neutral” rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.64.

WISH stock opened at $23.92 on Wednesday. ContextLogic has a twelve month low of $17.41 and a twelve month high of $24.75. The firm’s fifty day simple moving average is $11.94 and its two-hundred day simple moving average is $3.27.

ContextLogic Company Profile

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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