StockNews.com began coverage on shares of Wix.com (NASDAQ:WIX – Get Rating) in a research report released on Thursday morning. The firm issued a hold rating on the information services provider’s stock.
WIX has been the subject of several other reports. Piper Sandler upgraded Wix.com from an underweight rating to a neutral rating and lifted their price objective for the stock from $80.00 to $99.00 in a research report on Wednesday, February 22nd. Citigroup lifted their price objective on Wix.com from $101.00 to $120.00 and gave the stock a buy rating in a research report on Thursday, February 23rd. Morgan Stanley lifted their target price on shares of Wix.com from $94.00 to $102.00 and gave the stock an equal weight rating in a research note on Thursday, February 23rd. Credit Suisse Group reaffirmed an outperform rating and issued a $105.00 target price on shares of Wix.com in a research note on Thursday, February 23rd. Finally, Needham & Company LLC lifted their target price on shares of Wix.com from $100.00 to $125.00 in a research note on Thursday, February 23rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $105.50.
Wix.com Price Performance
Shares of Wix.com stock opened at $89.26 on Thursday. Wix.com has a 1 year low of $53.12 and a 1 year high of $111.35. The company has a market capitalization of $5.11 billion, a P/E ratio of -12.14 and a beta of 1.22. The business has a 50 day moving average price of $87.35 and a 200 day moving average price of $81.52.
Institutional Trading of Wix.com
Wix.com Company Profile
Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
- Get a free copy of the StockNews.com research report on Wix.com (WIX)
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