Oppenheimer Believes Wix (WIX) Won’t Stop Here
Oppenheimer analyst Jason Helfstein assigned a Buy rating to Wix (WIX) today and set a price target of $155.00. The company’s shares closed last Wednesday at $166.20, close to its 52-week high of $171.19.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 22.6% and a 68.7% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and IAC/InterActiveCorp.
Wix has an analyst consensus of Strong Buy, with a price target consensus of $156.25, which is a -6.2% downside from current levels. In a report released today, SunTrust Robinson also assigned a Buy rating to the stock with a $167.00 price target.
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The company has a one-year high of $171.19 and a one-year low of $76.81. Currently, Wix has an average volume of 986.6K.
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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.
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