Wix.com price target raised to $160 from $147 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Wix.com to $160 from $147 and keeps an Overweight rating on the shares. The company reported a slight Q4 beat and guided fiscal 2024 revenue ahead at the high end, which should be well received, the analyst tells investors in a research note. The firm says Wix is trending well ahead of its three-year plan from last summer’s analyst day, and further expects accelerating revenue into 2025.