.png "Wix.com Ltd (NASDAQ: WIX)")
J.P. Morgan analyst Sterling Auty maintained a Hold rating on Wix.com Ltd (WIX) today and set a price target of $100. The company’s shares opened today at $85.75.
According to TipRanks.com, Auty is a 5-star analyst with an average return of 12.3% and a 58.2% success rate. Auty covers the Technology sector, focusing on stocks such as Altair Engineering Inc, SolarWinds Corporation, and Tenable Holdings Inc.
Wix.com Ltd has an analyst consensus of Strong Buy, with a price target consensus of $119.56.
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Based on Wix.com Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.64 million. In comparison, last year the company had a GAAP net loss of $14.52 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.
