ContextLogic (OTCMKTS:WISH) Coverage Initiated at Cowen


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Cowen assumed coverage on shares of ContextLogic (OTCMKTS:WISH) in a report published on Monday, The Fly reports. The firm issued an outperform rating on the stock.

Several other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on ContextLogic in a research note on Monday. They set a buy rating and a $26.00 target price for the company. The Goldman Sachs Group assumed coverage on ContextLogic in a research report on Monday. They issued a neutral rating and a $19.00 price objective for the company. Bank of America assumed coverage on ContextLogic in a research report on Monday. They issued a buy rating and a $26.00 price objective for the company. Stifel Nicolaus assumed coverage on ContextLogic in a research report on Monday. They issued a hold rating and a $22.00 price objective for the company. Finally, Oppenheimer assumed coverage on ContextLogic in a research report on Monday. They issued an outperform rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $25.64.

WISH opened at $23.92 on Monday. The stock has a 50-day moving average of $11.94 and a 200-day moving average of $3.27. ContextLogic has a 52-week low of $17.41 and a 52-week high of $24.75.

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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Analyst Recommendations for ContextLogic (OTCMKTS:WISH)

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