Wix.com price target raised to $115 from $100 at RBC Capital

RBC Capital raised the firm’s price target on Wix.com to $115 from $100 and keeps an Outperform rating on the shares. The company’s Q4 results were a "relatively clean" beat and raise, which reinforces the firm’s view that its free cash flow remains "underappreciated", the analyst tells investors in a research note. RBC added that Wix.com subscriber additions are likely to reaccelerate, and that the favorable customer mix shift is having a growing and more durably positive effect.