BofA reinstated coverage of Wix.com with a Buy rating and $126 price target. The firm views Wix.com as the “TurboTax of website building.” The firm likes the company’s “underappreciated” margin inflection story as the potential for new products to accelerate growth. It says Wix is well positioned to leverage artificial intelligence with its new products.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WIX: