Wix.com price target lowered to $235 from $240 at Barclays

Barclays analyst Trevor Young lowered the firm’s price target on Wix.com (WIX) to $235 from $240 and keeps an Overweight rating on the shares following Q2 results. Barclays noted that commentary suggests momentum in the core business is building and the tone on the call was rather bullish. The firm thinks there is plenty of reason for the Wix.com management optimism now. Yet with pronounced worries on AI disintermediation, Barclays believes some investors may stay on the sidelines until that better growth actually manifests, the firm told investors.