Piper Sandler raised the firm’s price target on Wix.com (WIX) to $249 from $200 and keeps an Overweight rating on the shares. The firm says bookings and free cash flow outcomes continued to impress in Q3, with 16% bookings growth and free cash flow margins of 29%. Q4 guidance implies bookings growth will further accelerate to 16%-18%, Piper adds.
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