Oppenheimer expects positive reaction to ‘strong’ Wix.com results

Oppenheimer reiterated an Outperform rating and $110 price target on Wix.com after the company reported “better than expected” Q2 top-line growth and significant operating leverage, with EBIT margins well above consensus. The firm expects a positive reaction to “strong” Q2 results, increased guidance, and “accelerating” Partner momentum.