Fly News Breaks for February 24, 2020
Feb 24, 2020 | 16:33 EDT
Needham analyst Brad Erickson initiated coverage of Wix.com with a Buy rating and $165 price target. The analyst says the company is using its "strong foothold" in the DIY web design market to move up-market to leverage its agency channel and expand its total addressable market opportunity. Erickson adds that the extended time for the ramp of Wix.com's professional solutions is now reflected in the stock price.
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