#2 - ContextLogic (NASDAQ:WISH)
ContextLogic (NASDAQ:WISH) went public via a traditional initial public offering (IPO) in December 2020. The stock’s launch has, thus far, been underwhelming. Perhaps the company got lost in the wash of the many special purpose acquisition company (SPAC) stocks that took the market by storm.
But when you’re considering Reddit stocks that have a chance to stick, you should add ContextLogic to your list.
The argument for WISH stock is rooted in the idea that everyone loves a great deal. ContextLogic hosts a mobile e-commerce platform (Wish.com) that focuses on extreme value. Recently investors have noticed that many stocks of value-oriented brick-and-mortar retailers are moving higher as Americans hunt for deals. This treasure hunt mentality is likely to exist in a digital space.
Wish.com connects Chinese retailers with European and American shoppers. It’s fair to say that not every product that consumers purchase are a great value, but the target audience for sites like this are aware of that and accept that risk as part of the hunt.
Further supporting WISH stock is an impressive leadership team that heralds from Google (NASDAQ:GOOGL) and Airbnb (NASDAQ:ABNB).
About ContextLogic
ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects consumers to merchants. It also provides marketplace and logistics services to merchants. ContextLogic Inc was incorporated in 2010 and is headquartered in San Francisco, California.
- Current Price
- $5.48
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $9.00 (64.2% Upside)
