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Fly News Breaks for February 15, 2018
WIX
Feb 15, 2018 | 08:04 EDT
SunTrust analyst Naved Khan raised his price target on Wix.com to $80 after a Q4 earnings beat, with the quarter also showing strength in metrics such as conversions, subscription growth, and collections. Khan also believes that the outlook for FY18 is "highly conservative" while maintaining a positive view on the management's efforts to differentiate the product from the "freemium" model, potential upside in conversions and ARPU, and the rollout of ADI in international markets. The analyst keeps his Buy rating on Wix.com.
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