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Fly News Breaks for May 4, 2016
WIX
May 4, 2016 | 15:13 EDT
Craig-Hallum analyst Mitchell Bartlett said Wix.com is hitting on all cylinders following the Q1 beat and raise. New subscriber adds were the best ever, traffic reached all time highs, conversion rates are up, and ARPS is rising. The analyst believes Wix's deserves a premium multiple to web services peers and raised his price target to $32 from $30 and reiterated his Buy rating.