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Fly News Breaks for July 25, 2019
WIX
Jul 25, 2019 | 08:12 EDT
RBC Capital analyst Zachary Schwartzman raised his price target on Wix.com to $166 and kept his Outperform rating after its "mixed" quarter, saying that while net premium subscriptions growth was "a tad below" expectation, collection and free cash flows beat consensus and monetization showed improvement. The analyst says the company's fundamental trends have remained "consistent."
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