Wix.com price target raised to $127 from $122 at JPMorgan

JPMorgan raised the firm’s price target on Wix.com to $127 from $122 and keeps a Neutral rating on the shares post the Q4 report. Wix reported a solid Q4 performance that was in line on revenue and slightly ahead on free cash flow, the analyst tells investors in a research note. The firm looks forward to seeing a more pronounced execution of growth next year and says the stock is already trading at a premium to peers.