Wix.com Ltd Receives a Hold from RBC Capital

By Jason Carr

RBC Capital analyst Andrew Bruckner reiterated a Hold rating on Wix.com Ltd (NASDAQ: WIX) today and set a price target of $52. The company’s shares opened today at $47.60, close to its 52-week high of $49.49.

According to TipRanks.com, Bruckner is a 3-star analyst with an average return of 3.4% and a 57.9% success rate. Bruckner covers the Technology sector, focusing on stocks such as Quotient Technology Inc, Rubicon Technology, and TripAdvisor Inc.

Currently, the analyst consensus on Wix.com Ltd is Moderate Buy and the average price target is $53.50, representing a 12.4% upside.

In a report released yesterday, J.P. Morgan also reiterated a Hold rating on the stock with a $55 price target.

The company has a one year high of $49.49 and a one year low of $14.79. Currently, Wix.com Ltd has an average volume of 343.9K.

Wix.com Ltd. engages in the provision of web development, design, and management solutions and applications. It provides free design templates for personal and business use, web design and layout tools, web hosting through the Wix domain, applications from the App Market, blog and social network page support, and other marketing and work flow management applications and services. It also offers eCommerce and appointment applications, and marketing tools such as Google Analytics and mailing lists. The company was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.