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Fly News Breaks for February 21, 2019
WIX
Feb 21, 2019 | 07:16 EDT
KeyBanc analyst Monika Garg reiterated an Overweight rating on Wix.com and lifted her price target to $133 from $122 following the company's "good" Q4 results. In a research note to investors, Garg says Wix is looking to pivot its model to focus more on driving higher value per subscription and monetization of its new solutions. While this could drive fewer net premium subscriber additions, Garg says she is positive on the positioning given the company's opportunities to drive greater value and grow ARPS.
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