Analysts slashed price targets on Wix.com Ltd. post Q3 beat. Needham analyst Bernie McTernan maintained a Buy and lowered the price target from $265 to $250, implying a 32.2 percent upside. Barclays analyst Trevor Young lowered the price target to $210 from $220, implying an 11 percent upside, and maintained an Equal Weight rating. The analyst views the company’s guidance as “soft.” The Q4 revenue guide of up 18 percent year-over-year at the high end implies creative subs may come in at mid-teens growth, which would be the slowest in years. Piper Sandler analyst Clarke Jeffries lowered the price target to $218 from $252, implying a 15.3 percent upside, and reiterated a Neutral rating on the shares post the Q3 results. The analyst says “elongated uncertainty on macro factors” could weigh on the number of new businesses coming to Wix for commerce and presence functionality. Price Action WIX shares traded …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta