Piper Sandler Downgrades Wix.com to Neutral, Raises Price Target to $184
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Wix.com from Overweight to Neutral while raising the price target from $165 to $184.
May 21, 2024 | 9:08 am
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NEUTRAL IMPACT
Piper Sandler downgraded Wix.com from Overweight to Neutral but raised the price target from $165 to $184. This mixed signal may cause short-term volatility in the stock price.
The downgrade from Overweight to Neutral suggests a less bullish outlook, which could negatively impact investor sentiment. However, the raised price target to $184 indicates some underlying confidence in the company's future performance, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100