UPDATE: Piper Sandler Downgrades Wix.com (WIX) to Underweight
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Price: $77.23 +4.76%
Rating Summary:
22 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
Rating Summary:
22 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
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(Updated - April 25, 2022 6:56 AM EDT)
Piper Sandler analyst Clarke Jeffries downgraded Wix.com (NASDAQ: WIX) from Neutral to Underweight with a price target of $78.00 (from $105.00).
The analyst comments "Moving to Underweight as the "growthiest" asset that could see the largest contraction in the revenue base, while operating at the lowest margin profile."
For an analyst ratings summary and ratings history on Wix.com click here. For more ratings news on Wix.com click here.
Shares of Wix.com closed at $82.98 yesterday.
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