Wix Reports First Quarter 2020 Results
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Wix.com (WIX) PT Raised to $195 at RBC Capital
May 14, 2020 1:10 PM EDTRBC Capital analyst Mark Mahaney raised the price target on Wix.com (NASDAQ: WIX) to $195.00 (from $143.00) while maintaining an Outperform rating following results.
Q1 results that were intrinsically strongresults and guidance "making it clear that digital presence and WIX are Structural Winners from the COVID crisis."... MoreWix.com (WIX) Tops Q1 EPS by 2c; Guides Q2 Revs Above Views
May 14, 2020 9:12 AM EDTWix.com (NASDAQ: WIX) reported Q1 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $216 million versus the consensus estimate of $216.2 million.
"The current crisis has magnified the importance of having an online presence like never before, and we are very fortunate to offer a product that provides businesses, brands and individuals an opportunity to build and grow despite the increasing hardships that they are facing," said Avishai Abrahami, Co-founder and CEO of Wix. "As demand for an online presence increases, we remain focused on providing best-in-class... More
