Wix.com shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and $120 price target.
Portfolio Pulse from Benzinga Newsdesk
Wix.com shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and a $120 price target.
June 28, 2023 | 1:51 pm
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Wix.com's stock price is likely to increase in the short term due to the Buy rating and $120 price target set by B. Riley Securities.
Analyst ratings often have a significant impact on a company's stock price. In this case, B. Riley Securities has initiated coverage on Wix.com with a Buy rating and a $120 price target, which is likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100