Wix First Quarter 2017 Results Exceed Expectations as Business Continues to Accelerate – Raises Full Year 2017 Financial Outlook
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Wix.com (WIX) PT Raised to $88 at Oppenheimer Following 1Q
May 11, 2017 9:42 AM EDTOppenheimer raised its price target on Wix.com (NASDAQ: WIX) to $88.00 (from $70.00) while maintaining a Outperform rating. 1Q revenue/collections were 3%/5% above Street and grew 50%/51% y/y on conversion/ARPU, as users adopt more features/verticals.
The company's 2017 organic revenue guidance midpoint implies +43% y/y... More
Wix.com (WIX) PT Raised to $83 at RBC Capital
May 11, 2017 6:55 AM EDTRBC Capital raised its price target on Wix.com (NASDAQ: WIX) to $83.00 (from $59.00) while maintaining a Sector Perform rating after another strong quarter.
Analyst Mark Mahaney said while they are positive on the fundamentals the valuation keeps them on the sidelines.
The firm's 17 Rev/EBITDA estimates go up 1%/2%.
... MoreWix.com (WIX) Reports Q1 Loss of $0.18
May 10, 2017 9:07 AM EDTWix.com (NASDAQ: WIX) reported Q1 EPS of ($0.18), versus ($0.14) consensus. Revenue for the quarter came in at $92.5 thousand, versus $90.12 million consensus.
GUIDANCE:
Wix.com sees Q2 2017 revenue of $101-102 billion.
Wix.com sees FY2017 revenue of $421-423 billion, versus the... More
