Wix.com Ltd Receives an Outperform from RBC Capital

By George MacDonald

RBC Capital analyst Mark Mahaney reiterated an Outperform rating on Wix.com Ltd (NASDAQ: WIX) yesterday and set a price target of $25. The company’s shares opened today at $18.87.

Currently, the analyst consensus on Wix.com Ltd is Strong Buy and the average price target is $27, representing a 43.1% upside. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $30 price target.

The company has a one year high of $27.39 and a one year low of $14.28. Currently, Wix.com Ltd has an average volume of 194.4k.

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 22.3% and a 66.8% success rate. Mahaney covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Angie’s List Inc., and TripAdvisor Inc.

Wix.com Ltd provides web development platform. It provides an easy-to-use yet powerful cloud-based platform that eliminates the need for complex coding and supplants expensive design services.