Raymond James resumed coverage of Wix.com with an Outperform rating and $160 price target. The analyst says improved freemium conversion will benefit from artificial intelligence tools on the Wix platform, bolstering the company’s growth and margin prospects.
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Read More on WIX:
- Wix Simplifies Share Buyback with Regulatory Change
- Wix.com announces streamlined approval process for share repurchases
- Wix.com price target raised to $160 from $135 at RBC Capital
- Wix.com price target raised to $165 from $117 at Seaport Research
- Wix.com price target raised to $160 from $150 at Needham
