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Fly News Breaks for March 19, 2019
WIX
Mar 19, 2019 | 16:49 EDT
Guggenheim analyst Ken Wong initiated Wix.com with a Buy rating and a $130 price target, citing the company's "transparent and consistent business model" which allows it to "pursue optimal growth opportunities." He added that the company's premium valuation is justified due to the company's exceptional growth and free cash flow margins.
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