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Fly News Breaks for May 17, 2019
WIX
May 17, 2019 | 07:26 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Wix.com to $140 from $122 following the company's Q1 results and "stronger" outlook for 2020 on pricing increases and investments in sales support. The analyst says the story continues to shift to monetization from conversion, and says the next phase of Customer Solutions is expected to drive incremental collections growth of 5% in 2020. He calls guidance "conservative," as it assumes churn from recent price increases and no meaningful growth from agencies.
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