Oppenheimer lowered the firm’s price target on Wix.com (WIX) to $115 from $130 and keeps an Outperform rating on the shares as part of a Q1 preview. The firm says investor sentiment across web platforms “continues to erode with the launch of Claude Design, exacerbating an already tenuous AI narrative.” However, the analyst is optimistic that Wix will signal building bookings momentum. It adjusted the company’s estimates to reflect its completed tender.
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