Wix.com price target raised to $290 from $215 at SunTrust » 08:3106/2906/29/20
SunTrust analyst Naved…
SunTrust analyst Naved Khan raised the firm's price target on Wix.com to $290 from $215 and keeps a Buy rating on the shares. The analyst is turning more positive on the company after talks with several web development agencies as well as an "expert call" with an early adopter, saying its services are "gaining traction" amid increased share of professionally created sites. Khan adds that Wix.com's Editor X - currently in beta mode - has received positive reviews and is likely to further drive its agency adoption and usage.
|Over a week ago|
Wix.com price target raised to $275 from $250 at KeyBanc » 09:1006/2406/24/20
KeyBanc analyst Josh Beck…
KeyBanc analyst Josh Beck raised the firm's price target on Wix.com to $275 from $250 and keeps an Overweight rating on the shares. His Key First Look Data supports that his Digital Acceleration thesis is maintaining momentum with May e-commerce growth accelerating by 20%-50% month-over-month despite an economic re-opening as multiples have expanded about 50% since March 1st. Beck recommends buying Wix.com as he believes that a surge in online content and commerce could structurally improve growth from the low-20s to the high-20s band.
Wix.com upgraded to Overweight from Sector Weight at KeyBanc » 06:1306/0906/09/20
KeyBanc analyst Josh Beck…
KeyBanc analyst Josh Beck upgraded Wix.com to Overweight from Sector Weight with a $250 price target.
|Over a month ago|
Wix.com price target raised to $230 from $200 at Guggenheim » 07:4305/2705/27/20
Guggenheim analyst Ken…
Guggenheim analyst Ken Wong raised the firm's price target on Wix.com to $230 from $200 and keeps a Buy rating on the shares. The analyst left virtual investor meetings with management with higher conviction that the surge in both subscriptions and attach of services in April and May has permanently elevated Wix.com's long-term growth rate even after shelter in place is lifted. While all online enablers have benefited, Wix believes its superior product and freemium model is driving share gains, Wong tells investors in a research note.
Wix.com announces business partnership with Turk Telekom » 08:1405/1805/18/20
Wix.com announced a new…
Wix.com announced a new business partnership with telecommunication and technology service provider, Turk Telekom. As a result of this partnership, Wix is offered as part of Turk Telekom's bundled premium package for small and medium-sized businesses, or SMBs, which includes more than 48M subscribers, of which over 1.5M are active SMBs. Now Turkish SMBs will be able to take their businesses and visions online using Wix. As part of this joint effort, Turk Telekom now offers Wix subscriptions, including domain and hosting packages, to current and new customers, such as entrepreneurs, businesses and freelancers serving multiple sectors.
Fly Intel: Top five analyst initiations » 10:0705/1505/15/20
GO, PAE, PHR, HCAT, WIX, CMS, BEP
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Grocery Outlet (GO) initiated with a Buy at Goldman Sachs. 2. PAE (PAE) initiated with a Buy at Deutsche Bank. 3. Phreesia (PHR) and Health Catalyst (HCAT) were initiated with a Buy at Guggenheim. 4. Wix.com (WIX) initiated with an Outperform at JMP Securities. 5. CMS Energy (CMS) and Brookfield Renewable (BEP) were initiated with a Neutral at Mizuho. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Fly Intel: Top five analyst upgrades » 10:0705/1505/15/20
NOC, LH, YUM, QSR, AMAT, WIX
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Northrop Grumman (NOC) upgraded to Outperform from Market Perform at Cowen with analyst Cai von Rumohr saying the company is "ideally positioned" for the Department of Defense's National Defense Strategy. 2. LabCorp (LH) upgraded to Buy from Neutral at Mizuho with analyst Ann Hynes saying LabCorp is one of the few companies that can say it is part of the COVID-19 solution. 3. Yum! Brands (YUM) and Restaurant Brands (QSR) were upgraded to Buy from Hold at Stifel. 4. Applied Materials (AMAT) upgraded to Buy from Neutral at B. Riley FBR with analyst Craig Ellis saying last night's fiscal Q2 results were below estimates as feared semiconductor supply issues surfaced, but Q3's color suggests upside while a Q4 quarter-over-quarter growth view provides solid near-term growth visibility. 5. Wix.com (WIX) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler citing a significant acceleration since April for its website presence solutions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Fly Intel: Northrop upgrade, PayPal downgrade among top Wall Street calls » 09:5205/1505/15/20
NOC, PYPL, COF, C, ALLY, ACB, W, WIX
Check out today's top…
Wix.com price target raised to $200 from $160 at Northland » 09:2605/1505/15/20
Northland analyst Tyler…
Northland analyst Tyler Wood raised the firm's price target on Wix.com to $200 from $160 and keeps an Outperform rating on the shares as he raised his FY21 estimates following the company giving Q2 guidance that was well above consensus. Though the company pulled it full year guidance, he suspects its will be "raised healthily" along with the company Q2 report given current trends, added Wood.
Wix.com price target raised to $185 from $149 at JPMorgan » 08:5905/1505/15/20
JPMorgan analyst Sterling…
JPMorgan analyst Sterling Auty raised the firm's price target on Wix.com to $185 from $149 and keeps a Neutral rating on the shares following the company's Q1 results. The COVID-19 environment is creating a near-term lift, Auty tells investors in a research note.