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Fly News Breaks for April 27, 2018
SQ, WIX
Apr 27, 2018 | 05:08 EDT
Square's (SQ) acquisition of Weebly for $365M increases the competitive landscape for Wix.com (WIX), JPMorgan analyst Sterling Auty tells investors in a research note. The analyst sees Square's goal as bringing its solution together with the website building and presence capabilities of Weebly to offer a more complete omni-channel platform for companies. He notes, however, that just because Square is entering the market does not guarantee success. Auty keeps a Neutral rating on Wix shares.
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