Wix.com (WIX) Tops Q1 EPS by 3c

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Wix.com (WIX) PT Lifted to $26 at RBC Capital

May 6, 2015 1:15 PM UTC

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and boosted his price target on Wix.com (NASDAQ: WIX) to $26.00 (from $25.00) following Q1 results that were largely consistent with its mid-March update. Key customer metrics were intrinsically strong, and Q2 should mark an inflection point to sustained EBITDA profitability, the analyst noted.

Keys for the quarter, according to... More