Wix.com price target raised to $160 from $150 at Needham

Needham raised the firm’s price target on Wix.com to $160 from $150 and keeps a Buy rating on the shares. The analyst cites the company’s better than expected Q4 results while noting that Wix.com looks poised to accelerate bookings growth throughout FY24 and FY25 by leveraging technology for share gains, which is also providing pricing power.