Benchmark analyst Mark Zgutowicz raised the firm’s price target on Wix.com (WIX) to $250 from $225 and keeps a Buy rating on the shares as the firm argues that the Q3 results and outlook demonstrate the company’s sustainable topline-driven leverage profile and consistent scale of incremental flow through to free cash flow.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WIX:
- Wix.com price target raised to $249 from $200 at Piper Sandler
- Wix.com Ltd Reports Strong Q3 Growth Driven by AI Innovations
- Wix.com price target raised to $248 from $187 at Morgan Stanley
- Wix.com price target raised to $250 from $200 at Oppenheimer
- Wix.com price target raised to $236 from $184 at Barclays