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Wix.com (WIX) PT Raised to $88 at Oppenheimer Following 1Q

May 11, 2017 9:42 AM EDT

Oppenheimer raised its price target on Wix.com (NASDAQ: WIX) to $88.00 (from $70.00) while maintaining a Outperform rating. 1Q revenue/collections were 3%/5% above Street and grew 50%/51% y/y on conversion/ARPU, as users adopt more features/verticals.

The company's 2017 organic revenue guidance midpoint implies +43% y/y... More