Morgan Stanley raised the firm’s price target on Wix.com (WIX) to $279 from $276 and keeps an Overweight rating on the shares. Q4 results bring “a strong end to the year” while “better-than-feared” FY25 guidance reflects durability in growth, the analyst tells investors in a post-earnings note. Accelerating AI product innovation drives durable growth and free cash flow generation that is “underappreciated” at the current valuation, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WIX:
- Oppenheimer sees pullback in Wix.com shares as buying opportunity
- WIX Earnings: Mixed Q4 Results Hammer Wix Stock Today
- Optimistic Buy Rating for Wix: Strong Financial Projections and Strategic Innovations Drive Growth
- Wix Reports Strong 2024 Growth with Strategic Innovations
- Wix’s Strong Financial Performance and Future Growth Prospects Drive Buy Rating Despite FX Challenges
Questions or Comments about the article? Write to editor@tipranks.com