Citizens JMP raised the firm’s price target on Wix.com (WIX) to $200 from $160 and keeps an Outperform rating on the shares. While the firm is impressed with one-shot results from Lovable, adding functionality is challenging and Lovable does not easily add functionality to websites, the analyst tells investors in a research note. Citizens expects Wix to reduce its share count heading into its analyst day later this year and highlights Wix as one of its favorite near-term ideas.
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