Barclays analyst Trevor Young lowered the firm’s price target on Wix.com (WIX) to $205 from $210 and keeps an Overweight rating on the shares as part of a Q4 preview for the web tools group. The says that while “dour” investor sentiment and attractive valuations likely present an opportunity, it will take better growth to ease concerns over artificial intelligence. Barclays believes Wix.com is the “most out of favor” in the sector.
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