Raymond James resumed coverage of Wix.com with an Outperform rating and $160 price target. The analyst says improved freemium conversion will benefit from artificial intelligence tools on the Wix platform, bolstering the company’s growth and margin prospects.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WIX:
- Wix Simplifies Share Buyback with Regulatory Change
- Wix.com announces streamlined approval process for share repurchases
- Wix.com price target raised to $160 from $135 at RBC Capital
- Wix.com price target raised to $165 from $117 at Seaport Research
- Wix.com price target raised to $160 from $150 at Needham