Wix.Com (WIX) Stock Rating Upgraded by UBS Group
Wix.Com (NASDAQ:WIX) was upgraded by UBS Group from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other equities analysts have also issued reports on the company. BidaskClub lowered Wix.Com from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $78.00 target price (down previously from $80.00) on shares of Wix.Com in a research note on Wednesday, November 22nd. Zacks Investment Research lowered Wix.Com from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Barclays cut their target price on Wix.Com from $77.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, November 9th. Finally, Oppenheimer cut their target price on Wix.Com from $88.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $77.79.
Wix.Com (NASDAQ WIX) opened at $58.30 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.86. Wix.Com has a one year low of $44.65 and a one year high of $86.15. The stock has a market capitalization of $2,650.00, a price-to-earnings ratio of -45.91 and a beta of 2.25.
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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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