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Fly News Breaks for June 6, 2018
WIX
Jun 6, 2018 | 07:10 EDT
SunTrust analyst Naved Khan raised his price target for Wix.com to $105 to reflect prospects for faster growth over the long-term, telling investors in a research note that he came away from the company's Analyst Day feeling "incrementally upbeat" about its prospects. Khan maintained a Buy rating, and says he views Wix Code as a potentially disruptive offering, which is expected to add another leg of growth by expanding the TAM meaningfully.
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