Fly News Breaks for February 4, 2020
Feb 4, 2020 | 10:44 EDT
SunTrust analyst Naved Khan maintained a Buy rating and $170 price target on Wix.com (WIX). The analyst noted that the company is announcing a new product on Wednesday at 6:30 pm, and sees the announcement as a "potential catalyst for growth" given the company's successful track record with previous product launches, including Ascend, Corvid, and ADI. Khan speculated that Wix.com could potentially offer its own point-of-sale, or POS, system, as it is not currently possible to integrate Wix Stores with a POS system outside the U.S. or with a POS system other than Square.
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