ContextLogic (WISH) Receives a Rating Update from a Top Analyst
In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Hold rating on ContextLogic (WISH), with a price target of $20.00. The company’s shares closed last Monday at $15.94, close to its 52-week low of $15.06.
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 34.1% and a 69.1% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class A.
ContextLogic has an analyst consensus of Strong Buy, with a price target consensus of $25.70.
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Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WISH in relation to earlier this year.
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ContextLogic Inc is an online shopping store. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products.