BofA lowered the firm’s price target on Wix.com (WIX) to $230 from $270 and keeps a Buy rating on the shares. After Wix reported a Q1 beat, driven by higher margin bookings, but gave Q2 revenue guidance that was “slightly soft” due to small and medium sized business uncertainty, the firm cut its Q2 Business Solutions bookings growth view to 14% and lowered top-line estimates slightly for 2025, but added that its profit and margin estimates are unchanged on better than expected efficiency and “still solid growth.”
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