Weekly Research Analysts’ Ratings Changes for Wix.Com (WIX)

Wix.Com (NASDAQ: WIX) recently received a number of ratings updates from brokerages and research firms:

  • 2/10/2018 – Wix.Com had its “sell” rating reaffirmed by analysts at Zacks Investment Research. 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. “
  • 2/5/2018 – Wix.Com was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/3/2018 – Wix.Com had its “hold” rating reaffirmed by analysts at Zacks Investment Research. 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. “
  • 1/26/2018 – 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. “
  • 1/21/2018 – Wix.Com had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $83.00 price target on the stock. They wrote, “We remain bullish on the one- to two-year growth prospects for WIX, but would wait until after 2018 guidance is issued before aggressively adding to positions. Key Investment Points Strong showing for 4Q First Look Data. We are publishing our quarterly proprietary First Look Data. KeyBank credit card transactions show a positive inflection in both average collections per subscription (ACPS) and collections data. For the first time, we have analyzed monthly vs. annual subscriber spending levels and saw particularly positive trends for annual users (both mix and ACPS). Vertical application downloads via the Wix App Market also showed a sustained level of sequential growth. These inputs imply that 4Q17 will post healthy upside to expectations. See pages 6-8 for details. We see event risk on initial 2018 guidance.””
  • 1/13/2018 – Wix.Com was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 1/4/2018 – Wix.Com was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to a “strong-buy” rating. They now have a $74.00 price target on the stock.
  • 1/4/2018 – Wix.Com was upgraded by analysts at UBS Group AG from an “outperform” rating to a “strong-buy” rating.
  • 1/4/2018 – Wix.Com was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/15/2017 – Wix.Com was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Wix.Com Ltd (WIX) opened at $63.10 on Tuesday. The firm has a market cap of $2,870.00, a PE ratio of -49.69 and a beta of 2.15. Wix.Com Ltd has a 52-week low of $50.90 and a 52-week high of $86.15. 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 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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