UBS lowered the firm’s price target on Wix.com (WIX) to $230 from $255 and keeps a Buy rating on the shares. Wix reiterated its as-reported fiscal 2025 bookings/revenue/free cash flow guidance in light of macro uncertainty after delivering a small Q1 beat and lighter than expected guidance for Q2, the analyst tells investors in a research note. The firm believes Wix can deliver a low-teens+ revenue compound annual growth rate over the next three years.
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Read More on WIX:
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