BofA raised the firm’s price target on Wix.com (WIX) to $270 from $228 and keeps a Buy rating on the shares. Although slower growth in the company’s guidance is “a small blemish,” the firm is confident in second half acceleration on new product launches that are “minimally included” in the guidance, the analyst tells investors in a post-earnings note.
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Read More on WIX:
- Options Volatility and Implied Earnings Moves Today, February 19, 2025
- Wix: Strong Financial Outlook and Growth Momentum Drive ‘Buy’ Rating
- Wix.com price target lowered to $189 from $205 at JPMorgan
- Wix.com sees Q1 revenue $469M-$473M, consensus $491.67M
- Wix.com sees FY25 revenue $1.97B-$2B, consensus $1.99B