Wix Reports First Quarter 2020 Results
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Go back to Wix Reports First Quarter 2020 Results
May 14, 2020 1:10 PM EDT
RBC Capital analyst Mark Mahaney raised the price target on Wix.com (NASDAQ: WIX) to $195.00 (from $143.00) while maintaining an Outperform rating following results.
Q1 results that were intrinsically strongresults and guidance "making it clear that digital presence and WIX are Structural Winners from the COVID crisis."...
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May 14, 2020 9:12 AM EDT
Wix.com (NASDAQ: WIX) reported Q1 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $216 million versus the consensus estimate of $216.2 million.
"The current crisis has magnified the importance of having an online presence like never before, and we are very fortunate to offer a product that provides businesses, brands and individuals an opportunity to build and grow despite the increasing hardships that they are facing," said Avishai Abrahami, Co-founder and CEO of Wix. "As demand for an online presence increases, we remain focused on providing best-in-class... More
