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Fly News Breaks for May 18, 2018
WIX
May 18, 2018 | 08:54 EDT
SunTrust analyst Naved Khan raised his price target on Wix.com to $98 after its Q1 revenue beat and raised FY18 outlook to reflect the company's "longer growth story". Khan cites "significant boost to lifetime cohort collection" on improved visibility and general strength in fundamentals seen in rising average revenue per user and higher conversions. The analyst keeps his Buy rating on Wix.com longer term, saying that its Wix Code platform is also showing good promise.
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