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Fly News Breaks for September 27, 2018
WIX
Sep 27, 2018 | 08:38 EDT
SunTrust analyst Naved Khan raised his price target on Wix.com to $145 and kept his Buy rating, citing the positive results on Wix Code. The analyst notes that his survey of website designers indicates a "high level of awareness" for the Code product and the positive perception of its features, suggesting that Wix's go-to-market strategy has been successful. Khan adds that although the current usage of Code is small, the survey results suggest that its future adoption will grow, expanding the company's total addressable market.
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