In a report released on November 9, Brad Erickson from RBC Capital maintained a Buy rating on Wix (WIX – Research Report), with a price target of $120.00. The company’s shares closed yesterday at $89.29.
Erickson covers the Technology sector, focusing on stocks such as Meta Platforms, Pinterest, and Amazon. According to TipRanks, Erickson has an average return of 16.8% and a 50.99% success rate on recommended stocks.
In addition to RBC Capital, Wix also received a Buy from JMP Securities’s Andrew Boone in a report issued yesterday. However, on the same day, Barclays maintained a Hold rating on Wix (NASDAQ: WIX).
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The company has a one-year high of $102.82 and a one-year low of $70.28. Currently, Wix has an average volume of 519.8K.
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Wix (WIX) Company Description:
Wix.com Ltd. engages in the provision of web development, design, and management solutions and applications. It provides free design templates for personal and business use, web design and layout tools, web hosting through the Wix domain, applications from the App Market, blog and social network page support, other marketing and work flow management applications and services. The company also offers eCommerce and appointment applications, and marketing tools such as Google Analytics and mailing lists. Wix.com was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
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