Wix.com price target raised to $240 from $236 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Wix.com (WIX) to $240 from $236 and keeps an Overweight rating on the shares. The company’s bookings growth and free cash flow guidance is ahead of consensus at the high end should be well received even as Q4 revenue was a tad light, the analyst tells investors in a research note. The firm believes Wix’s story is still intact, but says there might be a higher bar from here execution-wise for the stock to start working again.