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Wix.com Ltd. (NASDAQ:WIX) Receives Average Recommendation of "Moderate Buy" from Brokerages
Wix.com Ltd. (NASDAQ:WIX) has received a consensus “Moderate Buy” rating from 22 brokerages, with an average 12-month price target of $128.70 despite recent cuts in price targets from several major analysts. The company beat EPS expectations and reported a 13.9% year-over-year revenue increase, with its board authorizing a $2.0 billion share repurchase program. Institutional investors hold a significant 81.52% of the stock, while the shares currently trade around $81.95 with a P/E ratio of 101.17.