Wix.com upgraded to Outperform from Neutral at Baird

Baird upgraded Wix.com (WIX) to Outperform from Neutral with a price target of $190, down from $215. The company’s product “is becoming increasingly compelling” and expectations now seem more reasonable post the Q1 report, the analyst tells investors in a research note. The firm says the long-term drivers of the investment case are attractive. Following the recent selloff, Wix.com offers an attractive entry point “into a high quality business that continues to enhance its offering,” contends Baird.

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