Buy the Plunge in ContextLogic Stock Before It Doubles, Says Analyst

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Buy the Plunge in ContextLogic Stock Before It Doubles, Says Analyst

TipRanks2021-05-15

As with almost everything, timing is an important factor in the stock market. For instance, last year if your business was an e-commerce platform and you were taking it public just as the pandemic hit...

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巴韭菜
·2021-05-15
To the moon
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For instance, last year if your business was an e-commerce platform and you were taking it public just as the pandemic hit...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-plunge-contextlogic-stock-doubles-183620546.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/buy-plunge-contextlogic-stock-doubles-183620546.html","article_id":"2135600835","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Fk7KEN9oAGi_1v8MntMQHQ--~B/aD00NTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/pypwzFbw0EAWED..GvS_CQ--~B/aD00NTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/tipranks_452/e46f7d90780943ce6f9f6fdd67e181db"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/buy-plunge-contextlogic-stock-doubles-183620546.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2135600835","pubTimestamp":1621017380,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"As with almost everything, timing is an important factor in the stock market. For instance, last yea","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"分析师说，在ContextLogic股价翻倍之前，买入暴跌的ContextLogic股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WISH":1},"content_text":"As with almost everything, timing is an important factor in the stock market. For instance, last year if your business was an e-commerce platform and you were taking it public just as the pandemic hit, chances are the stock could have caught a ride on investors’ love of all things related to online shopping. However, entering the public markets at the tail end of the boom and arriving into a different macro environment is an unfortunate turn of events.\nCase in point: Since ContextLogic (WISH) went public at the end of last year, the share price had already been slashed in half - before Wish posted Q1 results on Wednesday. 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For Q2, Wish anticipates revenue between $715 and $730 million, indicating 2%-4% year-over-year growth, and even at the high end, below the Street’s $731 million estimate.\nThat said, while Deutsche Bank’s Kunal Madhukar calls the top-line beat “low-quality,” the analyst says Wish has a unique business proposition that “is still a work in progress.”\n“We believe the path to becoming the ‘everyday eCommerce platform for the value conscious shopper’ could take time; not surprisingly, management is ‘cautiously optimistic’ about the remainder of 2021. We recognize investor concerns around sustainable growth and TAM, as well as S&M spend and long-term profitability targets; yet, with the shares trading at a significant discount to peers, we think these risks likely are already priced in,” the 5-star analyst opined. \nTo this end, Madhukar rates WISH a Buy along with a $22 price target. The implication for investors? Upside of 144% from current levels. (To watch Madhukar’s track record, click here)\nOverall, Madhukar’s assessment is close to that of his colleagues’. The analyst consensus rates the stock a Strong Buy, based on 6 Buys and 2 Holds. The average price target sits just below Madhukar's, and at $21.86 suggests shares will gain 142% over the next 12 months. (See WISH stock analysis on TipRanks)\n\n\n\n\n\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. 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