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Contextlogic stock too undervalued and could rise 50% – Wall Street says

In early June 2021, ContextLogic (WISH), an e-commerce platform, saw its stock join the meme list when its price experienced more than 80% growth in less than one month. Consequently, it has experienced high popularity levels on online forums. 

WISH is currently trading at a record low of approximately $6.5, a drastic drop from its peak. However, the view on Wall Street is that the price is slated for an equally drastic rise. 

The take: analysts on Wall Street have reached a consensus that investors should hold for now. Of note is the ten WISH reviews published in the last ninety days that indicate the $9.81 average target price offers a sizable upside that exceeds 50% from the current lows.

Joseph Andrew

I am an alumnus of the University of British Columbia who has spent more than eight years honing my writing and researching skills. Since 2013, I have been providing outstanding professional writing services for some financial newspapers. I am a thorough reader and researcher with a passion for creativity, and I love writing with accuracy and originality. I pay attention to every detail, and I believe in quality that brings the desired outcomes. My work is always original and adheres to scientific best practices without compromising on the quality and value to the reader.

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