Wix (WIX) Receives a Buy from Scotiabank

In a report released today, Nat Schindler from Scotiabank maintained a Buy rating on Wix (WIX – Research Report), with a price target of $250.00. The company’s shares closed yesterday at $152.34.

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According to TipRanks, Schindler is a 4-star analyst with an average return of 5.2% and a 47.88% success rate. Schindler covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Meta Platforms, and Magnite.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wix with a $226.94 average price target, implying a 48.97% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $220.00 price target.

WIX market cap is currently $10.12B and has a P/E ratio of 61.28.