Wix.com price target raised to $185 from $183 at Seaport Research

Seaport Research raised the firm’s price target on Wix.com to $185 from $183 and keeps a Buy rating on the shares. Following Q2 results, the firm remains positive on the stock, given its expectation for 10%+ long-term revenue growth and solid expense discipline driving meaningful free-cash-flow margin expansion, the analyst tells investors.