.png "Wix.com Ltd (NASDAQ: WIX)")
Barclays analyst Deepak Mathivanan maintained a Buy rating on Wix.com Ltd (NASDAQ: WIX) yesterday and set a price target of $87. The company’s shares closed yesterday at $83.23.
According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 18.8% and a 72.0% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Shopify.
Currently, the analyst consensus on Wix.com Ltd is Strong Buy and the average price target is $86.60, representing a 4.1% upside.
In a report issued on May 9, KeyBanc also maintained a Buy rating on the stock with a $103 price target.
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Based on Wix.com Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $19.81 million. In comparison, last year the company had a GAAP net loss of $20.89 million.
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Wix.com Ltd. engages in the provision of web development, design, and management solutions and applications. It provides free design templates for personal and business use, web design and layout tools, web hosting through the Wix domain, applications from the App Market, blog and social network page support, and other marketing and work flow management applications and services. The company also offers eCommerce and appointment applications, and marketing tools such as Google Analytics and mailing lists. Wix.com was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
