Fly News Breaks for November 18, 2019
Nov 18, 2019 | 08:39 EDT
Deutsche Bank analyst Lloyd Walmsley lowered his price target for Wix.com to $140 from $172 saying he was disappointed in the performance of the core business in Q3. Average revenue per user excluding payments was "seemingly lackluster" despite the price hikes, says the analyst. However, he keeps a Buy rating on Wix.com given the potential for a rebound in 2020.
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