Needham Maintains Buy on Wix.com, Lowers Price Target to $120
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Bernie McTernan maintains a Buy rating on Wix.com (NASDAQ:WIX) but lowers the price target from $125 to $120.
May 22, 2023 | 9:28 am
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NEUTRAL IMPACT
Needham analyst Bernie McTernan maintains a Buy rating on Wix.com (NASDAQ:WIX) but lowers the price target from $125 to $120.
The news of Needham maintaining a Buy rating on Wix.com is positive for the stock. However, the lowering of the price target from $125 to $120 may create some uncertainty among investors. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100