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WIX

Wix.com

$85.65

2.51 (3.02%)

, GDDY

GoDaddy

$61.96

0.875 (1.43%)

07:36
12/19/18
12/19
07:36
12/19/18
07:36

Wix.com initiated with a Buy at Citi

Citi analyst Nicholas Jones started Wix.com (WIX) with a Buy rating and $116 price target. The analyst also took over coverage of GoDaddy (GDDY) with a Buy rating and $82 price target. He sees 35% upside in shares of Wix and 32% upside in GoDaddy.

WIX

Wix.com

$85.65

2.51 (3.02%)

GDDY

GoDaddy

$61.96

0.875 (1.43%)

WIX Wix.com
$85.65

2.51 (3.02%)

11/21/18
11/21/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Best Buy (BBY) upgraded to Neutral from Underperform at Wedbush with analyst Michael Pachter saying it has consistently defied his expectations and the company appears to have settled on the right formula for long-term growth. 2. Wix.com (WIX) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mark Mahaney citing valuation. 3. RealPage (RP) upgraded to Outperform from Sector Perform at RBC Capital with analyst Matthew Hedberg saying the company recorded one of its better quarters in years and also cites his recent positive takeaways from discussions with its management. 4. Tandem Diabetes (TNDM) upgraded to Outperform from Neutral at Baird with analyst Jeff Johnson saying he believes the recent selloff in the shares is overdone, especially in the context of Street estimates that now appear too low for 2019-2020. 5. Edison International (EIX) upgraded to Buy from Neutral at Mizuho with analyst Paul Fremont citing an analysis of the company's 2017-2018 wildfire/mudslide liabilities, the analyst estimates "more upside opportunity than downside opportunity" from current stock levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/18
RBCM
11/21/18
UPGRADE
Target $110
RBCM
Outperform
Wix.com upgraded to Outperform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Mark Mahaney upgraded Wix.com to Outperform from Sector Perform and kept his price target at $110. The analyst cites the company's 30% stock price retreat taking its valuation "close to trough" levels along with his survey work findings and expectations of pending catalysts that include "Wix Code, Pricing Tier Changes, & New Product Announcement". Mahaney further points to Wix.com's "clear history of very robust top-line growth and strong free cash flow generation", noting that it is viewed as "one of the best fundamental assets" in his in our Mid/Small Cap coverage universe.
11/21/18
RBCM
11/21/18
UPGRADE
RBCM
Outperform
Wix.com upgraded to Outperform from Sector Perform at RBC Capital
11/14/18
LEHM
11/14/18
NO CHANGE
Target $115
LEHM
Overweight
Wix.com price target lowered to $115 from $125 at Barclays
Barclays analyst Deepak Mathivanan lowered his price target for Wix.com to $115 saying the company's pricing model transition is creating volatility in key performance indicators. The analyst, however, keeps an Overweight rating on the shares following Wix.com's Q3 results. While overall conversion gains moderated slightly in the quarter, conversion on older cohorts continue to show healthy trends, Mathivanan tells investors in a post-earnings research note.
GDDY GoDaddy
$61.96

0.875 (1.43%)

11/28/18
MSCO
11/28/18
NO CHANGE
Target $88
MSCO
Overweight
GoDaddy potential as a consolidator overlooked, says Morgan Stanley
Morgan Stanley analyst Brian Essex said GoDaddy has been the first to achieve scale in the fragmented Web Presence market and he believes the company's potential as a consolidator may be overlooked. He believes management's recently established targets of $5B in sales and 23M subscribers by 2023 look like reasonable goals with continued execution and "thoughtful" M&A, Essex stated. The analyst keeps an Overweight rating on GoDaddy and raised his price target on the stock to $88 from $85.
11/27/18
PIPR
11/27/18
NO CHANGE
Target $91
PIPR
Overweight
'Discounted' valuation, upsell opportunity make Piper positive on GoDaddy
Piper Jaffray analyst Michael Olson views GoDaddy as undervalued relative to the market and the company's opportunity set. He expects the company will generate $4.54 of free cash flow per share in 2020 as a result of stable growth and upselling new products into its "existing, sticky base of users." The analyst remains positive on the shares with an Overweight rating and $91 price target. Olson sees the current valuation as "discounted" relative to GoDaddy's peers.
11/14/18
PIPR
11/14/18
NO CHANGE
PIPR
Piper lays out favorite Consumer stocks to own into holiday season
Piper Jaffray analysts led by Erinn Murphy believe the "solid" consumer spending in the first half of the year can continue into the second half with "favorable weather, clean inventories and an extra day between Thanksgiving & Christmas this year serving as catalysts." Ahead of Black Friday, the firm is laying out its favorite Consumer stocks to own into the Holiday. They include G-III Apparel (GIII), Under Armour (UAA), Estee Lauder (EL), PVH Corp. (PVH), Take-Two Interactive (TTWO), Netflix (NFLX), GoDaddy (GDDY) and Ruth's Hospitality (RUTH). Piper analysts are cautious on shares of Stitch Fix (SFIX) and Michaels (MIK).
11/13/18
JEFF
11/13/18
NO CHANGE
Target $128
JEFF
Buy
Jefferies sees 'tough set-up' for Wix.com into Q3 results
Jefferies analyst Brent Thill sees a "tough set-up" for Wix.com (WIX) into the company's Q3 results with the shares up 55% year-to-date. Reaction to Q3 earnings reports has been poor in the sector, even in beat and raise scenarios, Thill tells investors in a pre-earnings research note. He points out that peer GoDaddy (GDDY) is down 13% since its Q3 report. The analyst thinks it is "prudent to be defensive" on GoDaddy into the print. Besides a "clean beat," Thill would like to see early positive signs for 2019 and "concrete monetization" plans for Code in Wix.com's quarter. He keeps a Buy rating on the shares with a $128 price target.

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