Raymond James analyst Josh Beck lowered the firm’s price target on Wix.com (WIX) to $200 from $250 and keeps a Strong Buy rating on the shares. The firm had “a positive tactical bias” ahead of earnings as it expected the bookings outlook to be increased, which “played out to a degree,” the analyst tells investors. After earnings, the firm maintains its “above-Street” 2025 bookings estimate and is taking up its 2026 bookings view, but trims its EBITDA estimates.
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