2 weeks Ago By Defense World Staff
Shares of Wix.com Ltd. ( NASDAQ:WIX – Get Free Report ) hit a new 52-week high on Tuesday after Evercore ISI upgraded the stock to a strong-buy rating.
The stock traded as high as $224.33 and last traded at $222.28, with a volume of 366339 shares.
The stock had previously closed at $223.41. A number of other research analysts also recently commented on WIX.
JPMorgan Chase & Co. increased their target price on Wix.com from $195.
00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Benchmark raised their price objective on Wix.
com from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.
JMP Securities reiterated a “market outperform” rating and set a $180.00 target price on shares of Wix.com in a research note on Thursday, July 25th.
B. Riley increased their target price on shares of Wix.com from $190.
00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Barclays lifted their price target on shares of Wix.
com from $184.00 to $236.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th.
Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.71.
Read Our Latest Stock Analysis on Wix.com Institutional Inflows and Outflows Wix.com Price Performance The firm has a market capitalization of $12.
19 billion, a P/E ratio of 139.81, a PEG ratio of 4.24 and a beta of 1.
47. The firm’s fifty day moving average price is $172.07 and its 200-day moving average price is $164.
11. About Wix.com ( Get Free Report ) Wix.
com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.
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