JPMorgan lowered the firm’s price target on Wix.com (WIX) to $189 from $205 and keeps a Neutral rating on the shares following the Q4 report. The company’s solid growth and free cash flow generation outlook is overshadowed by currency headwinds, the analyst tells investors in a research note. The firm cut near- and mid-term estimates for Wix.com to reflect greater currency headwinds.
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Read More on WIX:
- Wix.com sees Q1 revenue $469M-$473M, consensus $491.67M
- Wix.com sees FY25 revenue $1.97B-$2B, consensus $1.99B
- Wix.com reports Q4 EPS $1.93, consensus $1.77
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