Wix.com (WIX) Reports In-Line Q2 EPS

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Go back to Wix.com (WIX) Reports In-Line Q2 EPS

Wix.com (WIX) PT Raised at RBC Capital Following Q2

August 5, 2015 3:53 PM EDT

RBC Capital analyst Mark Mahaney is raising his price target on Outperform-rated Wix.com (NASDAQ: WIX) to $30.00 (from $26.00) Q2 results that were in-line with the Street on the top-line but beat on EBITDA. Meanwhile, the outlook largely brackets Consensus.

Keys to the quarter, according to Mahaney: 1) Collections Grew 55% Y/Y ex-FX a 4 pt decel vs. Q1, on a 12pt easier comp translation: WIX is beginning to see some slowdown in its key top-line metric, tho growth rates remain intrinsically robust.... More