Wix.com price target raised to $280 from $275 at Citi

Citi raised the firm’s price target on Wix.com (WIX) to $280 from $275 and keeps a Buy rating on the shares. The company reported a strong Q4 with bookings and free cash flow ahead of expectations, and its guidance implies continued sales momentum and meaningful margin expansion in 2025, the analyst tells investors in a research note. The firm says that while Wix shares traded off 5% post earnings, it does not view the reaction as indicative of the company’s fundamental strength.