Barclays Upgrades Wix.com to Overweight, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has upgraded Wix.com (NASDAQ:WIX) from Equal-Weight to Overweight and increased the price target from $105 to $130.
November 15, 2023 | 11:04 am
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Barclays upgraded Wix.com to Overweight from Equal-Weight and raised the price target to $130, indicating a positive outlook on the stock.
Upgrades by analysts, especially from reputable financial institutions like Barclays, can lead to increased investor confidence and a potential rise in stock price. The raise in price target to $130 suggests that Barclays believes the stock has the potential to grow significantly from its current level.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100