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Fly News Breaks for July 25, 2019
WIX
Jul 25, 2019 | 07:08 EDT
SunTrust analyst Naved Khan raised his price target on Wix.com to $168 and kept his Buy rating after its Q2 earnings beat and raised FY19 guidance, saying that in addition to the DIY market, the company is also capturing more higher-value customers. The analyst also notes the company's higher first-half cohort collections despite the lower adds, stating that its ability to increase prices is supported by its "leading edge" product suite.