This e-commerce market is the parent company of Wish.com. ContexLogic is best known for its social media ads, their extraordinary presence and entertainment value. Wish has the true ability to attract new customers every day, making it the third largest online retail store in the United States with over 100 million monthly visitors and more than 150 million items on sale.
The company’s annual revenue is about $ 2 billion. Its development is driven by several factors such as high monthly traffic, a wide base of consumers looking for low-budget products and a network of over 500 million retailers.
A 5-star analyst at JPM said: “We believe that Wish has significant growth potential. The company uses data science to drive every aspect of its business from customer acquisition to pricing and logistics, and this helps the company stay resilient in earthquakes and grow. We expect WISH to grow by almost 20% over the next few years.
Passage Bio (PASG)
The second choice of JPM we are considering is Passage Bio, a genetic drug company. Passage focuses on developing treatments for rare, life-threatening, monogenic disorders of the central nervous system using an adeno-viral transmission system.
The optimistic outlook for Passage’s research program underlies JPM’s position on its shares. Their analyst has raised the company’s rating and sets a price target of $ 35 and a potential growth of 34% for the year.
Junior Trader Kameliya Ivanova