Barclays Maintains Overweight on Wix.com, Raises Price Target to $147
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Overweight rating on Wix.com (NASDAQ:WIX) and increased the price target from $130 to $147, indicating a positive outlook on the company's stock.
January 18, 2024 | 10:21 am
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Barclays has reaffirmed Wix.com's Overweight rating and raised the price target to $147, suggesting confidence in the company's future performance.
The increase in price target by Barclays reflects a bullish stance on Wix.com's stock, which is likely to be perceived positively by the market. Analyst ratings and price target adjustments can influence investor sentiment and stock prices in the short term. The Overweight rating and higher price target suggest that Barclays expects Wix.com to outperform the market or its sector, which could lead to an increase in the stock price as investors adjust their positions based on this new information.
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