Oppenheimer Remains a Buy on Wix (WIX)

In a report released yesterday, Jason Helfstein from Oppenheimer maintained a Buy rating on Wix (WIX), with a price target of $155.00. The company’s shares closed last Monday at $141.68.

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 21.4% and a 69.8% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and IAC/InterActiveCorp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wix with a $163.80 average price target, a 17.0% upside from current levels. In a report issued on February 5, SunTrust Robinson also assigned a Buy rating to the stock with a $170.00 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 520.4K.

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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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