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Fly News Breaks for February 21, 2019
WIX
Feb 21, 2019 | 07:45 EDT
RBC Capital analyst Mark Mahaney raised his price target on Wix.com to $120 and kept his Outperform rating, saying that in spite of its "mixed" Q4 results, he is positive on its "improving monetization, strong execution, and pending product cycle boosts". The analyst adds that upside opportunity in Wix.com stock remains thanks to its "focus towards new market opportunities, most notably the professional Website designer & developer markets."
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