Oppenheimer analyst Ken Wong raised the firm’s price target on Wix.com to $120 from $110 and keeps an Outperform rating on the shares. The company refreshed its fiscal 2025 financial outlook at the investor day and established a free cash flow floor of $250M in 2025, the analyst tells investors in a research note. The firm sees potential upside coming from compounding Partner growth or a potential re-acceleration in Self Creators driven by a macro recovery.
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Read More on WIX:
- Wix.com price target raised to $130 from $120 at Piper Sandler
- Wix.com raises FY23 revenue view to $1.54B-$1.56B from $1.52B-$1.54B
- Wix.com sees Q3 revenue $386M-$391M, consensus $384.7M
- Wix.com price target raised to $130 from $120 at Needham
- Wix.com price target raised to $114 from $100 at JMP Securities