• Evercore ISI analyst Shweta Khajuria downgraded ContextLogic Inc (NASDAQ: WISH) to In-Line from Outperform rating with a price target of $13, down from $17.

  • CFO Rajat Bahri resigned from the mobile e-commerce company effective July 23 after four and a half years. The company did not provide a reason for the abrupt departure.

  • It announced plans to reopen its offices. The company declared flexible working options for the majority of its employees.

  • In May, the company beat the Q1 revenue analyst consensus by 3.9% as the revenue jumped 75% year-on-year to $772 million. It missed the EPS consensus by 16.7% at $(0.21).

  • WISH shares lost 15% in the last week.

  • Price action: WISH shares traded lower by 1.39% at $12.07 in the premarket session on the last check Friday.

Latest Ratings for WISH

Jul 2021

Evercore ISI Group

Downgrades

Outperform

In-Line

Apr 2021

Evercore ISI Group

Initiates Coverage On

Outperform

Feb 2021

Loop Capital

Upgrades

Hold

Buy

View More Analyst Ratings for WISH
View the Latest Analyst Ratings

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