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Fly News Breaks for February 21, 2019
WIX
Feb 21, 2019 | 08:00 EDT
JMP Securities analyst Ronald Josey said Wix reported relatively in-line Q4 results, but his key takeaway from the quarter was the progress the company has made in evolving its business to higher LTV subscribers. Josey, who sees Wix's constantly improving product portfolio as a key catalyst in 2019, keeps an Outperform rating on the stock and reinstated a price target at $120.