Several analysts have recently updated their ratings and price targets for Wix.com (NASDAQ: WIX):

  • 8/31/2017 – Wix.com was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/24/2017 – Wix.com is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $74.00 price target on the stock. They wrote, “Over the past 18 months, the company has delivered a redesigned website editor, enhanced mobile solutions, ADI (artificial design intelligence technology) which helps users build a website in minutes, and multiple vertical applications,” the firm added.Massive Market Opportunity Although Wix.com is small relative to competition, the firm said it is growing much faster than the field. The firm thinks the company is taking share within these markets. The firm also delved on the huge potential offered by the global small businesses, which it estimates to be 420 million.”We think Wix’s techfocused, product-centric approach is the right strategic approach for this market, and expect the company will continue to gain share over time,”
  • 8/21/2017 – Wix.com was given a new $88.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 8/18/2017 – Wix.com was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel. “
  • 8/15/2017 – Wix.com is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $73.00 price target on the stock.
  • 8/9/2017 – Wix.com was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/4/2017 – Wix.com was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel. “
  • 8/2/2017 – Wix.com had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $77.00 price target on the stock.
  • 7/28/2017 – Wix.com had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 7/26/2017 – Wix.com was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $82.00 price target on the stock. According to Zacks, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel. “
  • 7/24/2017 – Wix.com is now covered by analysts at KeyCorp. They set an “overweight” rating on the stock.
  • 7/23/2017 – Wix.com is now covered by analysts at KeyCorp. They set an “overweight” rating and a $88.00 price target on the stock. They wrote, “We see an opportunity for conversion to benefit from the more robust functionality and retention to lift as applications built on top of the platform would increase stickiness. The product is not, however, incorporated into guidance or our estimates and could therefore yield upside when officially rolled out.””
  • 7/13/2017 – Wix.com was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wix.com Ltd. is a cloud-based web development platform. The Company’s platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms. Wix.com Ltd. is headquartered in Tel Aviv, Israel. “

Wix.com Ltd. (NASDAQ WIX) traded up 1.00% on Thursday, reaching $65.80. The company had a trading volume of 82,660 shares. The firm’s market capitalization is $2.99 billion. Wix.com Ltd. has a one year low of $38.65 and a one year high of $86.15. The company’s 50 day moving average is $63.82 and its 200-day moving average is $69.81.

Wix.com (NASDAQ:WIX) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.16. The firm had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $101.93 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The company’s revenue was up 50.7% on a year-over-year basis. On average, equities research analysts expect that Wix.com Ltd. will post $0.24 earnings per share for the current fiscal year.

Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.

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