Barclays analyst Trevor Young lowered the firm’s price target on Wix.com to $184 from $186 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the web tools group. The group has continued its strong outperformance year-to-date, the analyst tells investors in a research note. The firm thinks Wix “works into the print as a beat/raise” quarter could push its 2024 free cash flow towards $500M.
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