Results were as expected and clearly belong to the previous management team.No no point for the current team to show any improvements. As stated by the newly appointed team the real turnaround results should be visible somewhere in Q2 2022, so for Q1, I expect a Wyckoff accumulation. Retail is so depressed and tired that eventually nobody will be left except me. Points looking forward 1. Cash on hand 1B, plenty of time for a turnaround, 0 debt. 2. New C-level executives must prove themselves+receive stock bonuses, so their serious effort is granted. 3. Logistics revenue up 45% YoY, when ad spending resumes this should rocket because shipping times will fall dramatically = happy customers 4. Bad merchants are cleared away, quality is improving slowly but steady = happy customers 5. New redesign in platform launching soon = happy customers 6. Institutional accumulating more and more 7. Everybody(retail) is getting tired and is at a loss of -50% or more, now it's time for a slow death. If markets go up then other stocks will fly and this one will keep accumulating making everyone nervous and anxious, so in the end, everybody will be gone.
My targets for this year Q1 : $3-3.50 Q2 : $5-7.5 Q3 : $9-12 Q4: $15
My targets for 2023,2024,2025 1. $22 2. $32 3. $60
Thanks for the update - same here. Have similar chart & target. Not sure if I'll be holding till 2025 but 2023-2024 will be very interesting to see.
Accumulation is going on & Wish keeps hiring product-related employees.
I've also noticed that Wish's recent activities on LinkedIn & Twitter have grow.
Midyanyy
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@Gpap90 interesting price action the last few days. I've noticed that the overall MAUs are down over Jan / Feb 2022 but first countries begin to show turnaround signs (details look at tipranks).
It is also interesting to see that wish goes for job cuttings but in specific areas (Business Development, Merchant Acquisition) they continue to hire new employees (see Wish Careers). If this trend continues, your scenario could work very well for 2022-2023.
Gpap90
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@Midyanyy let's see how it goes! For now there is still a strong correlation with the market. In the next earnings, we will be able to see what they've promised last year, that any changes will be visible no earlier than Q2, therefore guidance in the next earnings will show us the way. Actions are taken in many level on this company so no matter what will happen in the very long term I expect for a sure really good relief rally (+$10) towards EoY.
RayBan201
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In the year 2026
RayBan201
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2026
RayBan201
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Should go a lot higher on a linear timeline. High triple digits:)
Accumulation is going on & Wish keeps hiring product-related employees.
I've also noticed that Wish's recent activities on LinkedIn & Twitter have grow.