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WIX

Wix.com

$110.04

-15.66 (-12.46%)

11:38
02/20/19
02/20
11:38
02/20/19
11:38

Wix.com strategy change to weigh on shares near-term, says JPMorgan

JPMorgan analyst Sterling Auty believes Wix.com's 2019 outlook supports his thesis that the company is a mid-20% grower and its revenue growth in 2018 was inflated by the change in accounting on the Google contract and some currency benefit. Further weighing on the guidance relative to Street expectations is a change in company strategy to focus on higher-value premium subscriptions, Auty tells investors in a research note. He expects near-term pressure on Wix.com shares as investors digest the new strategy following the stock's recent run-up. The shares in late morning trading are down 12%, or $15.58, to $110.17.

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    Mar

WIX Wix.com
$110.04

-15.66 (-12.46%)

12/19/18
SBSH
12/19/18
INITIATION
Target $116
SBSH
Buy
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.
01/09/19
JEFF
01/09/19
NO CHANGE
JEFF
Jefferies says be selective in Internet, cuts targets on Snap and Facebook
Jefferies analyst Brent Thill this morning cut his price targets on a handful of names in the Internet space. In a research note titled "2019 Playbook," the analyst also downgraded Booking Holdings (BKNG) and Redfin (RDFN) to Hold from Buy. Thill tells investors to selective in the space, and recommends buying Amazon.com (AMZN), Alphabet (GOOGL) and Intuit (INTU) in large cap, Match Group (MTCH), IAC (IAC) and GoDaddy (GDDY) in mid cap, and Wix.com (WIX) and Trade Desk (TTD) in small cap. He expects TripAdvisor (TRIP), Shutterstock (SSTK) and Shutterstock (EIGI) to underperform. Among his price target cuts were Buy-rated Expedia (EXPE) to $150, Buy-rated Facebook to $180, Hold-rated Snap (SNAP) to $7, Hold-rated Sonos (SONO) to $12, Hold-rated Twitter (TWTR) to $33 and Hold-rated Zillow Group (ZG) to $34.
02/20/19
RSBL
02/20/19
DOWNGRADE
RSBL
Sell
Wix.com downgraded to Sell from Neutral at Rosenblatt
02/20/19
02/20/19
DOWNGRADE
Target $73

Sell
Rosenblatt downgrades Wix.com to Sell on downward conversion trajectory
As previously reported, Rosenblatt analyst Mark Zgutowicz downgraded Wix.com to Sell from Neutral, stating that the company's Q4 results and guidance "highlighted a continued downward conversion trajectory" and more investment spending to support its top-line. The analyst, who also believes Wix Code is "a niche product with no meaningful benefit to conversion, cut his price target on Wix.com shares to $73 from $75.

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