Benchmark analyst Mark Zgutowicz raised the firm’s price target on Wix.com (WIX) to $250 from $225 and keeps a Buy rating on the shares as the firm argues that the Q3 results and outlook demonstrate the company’s sustainable topline-driven leverage profile and consistent scale of incremental flow through to free cash flow.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WIX:
- Wix.com price target raised to $249 from $200 at Piper Sandler
- Wix.com Ltd Reports Strong Q3 Growth Driven by AI Innovations
- Wix.com price target raised to $248 from $187 at Morgan Stanley
- Wix.com price target raised to $250 from $200 at Oppenheimer
- Wix.com price target raised to $236 from $184 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
