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Fly News Breaks for April 4, 2018
WIX
Apr 4, 2018 | 09:21 EDT
William Blair analyst Matthew Pfau last night initiated Wix.com with an Outperform rating. The analyst pegs the addressable opportunity for Wix at $12B and believes it could expand as the number of websites globally continue to increase and the company's Wix Code product gains traction. Wix should be able to increase revenue at greater than a 20% annually over the next five years, Pfau tells investors in a research note. He sees 20% upside to shares over the next 12 months.
News For WIX From the Last 2 Days
