Loop Capital Upgrades ContextLogic to Hold, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Laura Champine has upgraded ContextLogic (NASDAQ:WISH) from Sell to Hold and lowered the price target from $6 to $4.
November 08, 2023 | 10:13 am
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ContextLogic's stock has been upgraded from Sell to Hold by Loop Capital, but the price target has been lowered from $6 to $4.
The upgrade from Sell to Hold indicates a more positive outlook for ContextLogic, which could potentially stabilize the stock price. However, the lowering of the price target from $6 to $4 suggests that the analyst believes the stock is currently overvalued, which could put downward pressure on the stock price.
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IMPORTANCE 80
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