Barclays Keeps Their Buy Rating on Wix (WIX)
Barclays analyst Deepak Mathivanan maintained a Buy rating on Wix (WIX) on February 21 and set a price target of $150.00. The company’s shares closed last Monday at $137.31.
According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 15.8% and a 66.7% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Activision Blizzard, Mercadolibre, and GrubHub.
Wix has an analyst consensus of Strong Buy, with a price target consensus of $154.00, implying a 10.1% upside from current levels. In a report issued on February 18, Guggenheim also maintained a Buy rating on the stock with a $165.00 price target.
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The company has a one-year high of $156.40 and a one-year low of $104.61. Currently, Wix has an average volume of 534.2K.
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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, 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.