Benchmark raised the firm’s price target on Wix.com (WIX) to $260 from $250 and keeps a Buy rating on the shares. The Q1 and FY25 outlook “tempered concerns for difficult pricing-related bookings headwind comparisons” beginning in mid-Q1 as the entirety of the respective FY25 bookings and revenue miss were attributed to foreign exchange headwinds, the analyst tells investors in a post-earnings note.
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Read More on WIX:
- Wix.com price target lowered to $194 from $208 at Wells Fargo
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- Wix’s Strong Financial Performance and Future Growth Prospects Earn a ‘Buy’ Rating
- Wix.com price target raised to $240 from $236 at Barclays
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