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Wix (WIX) Receives a Buy from Barclays

Tipranks - Tipranks - Fri Apr 10, 3:48AM CDT

Barclays analyst Trevor Young maintained a Buy rating on Wix today and set a price target of $155.00.

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Young covers the Consumer Cyclical sector, focusing on stocks such as TripAdvisor, Etsy, and Booking Holdings. According to TipRanks, Young has an average return of -1.9% and a 49.23% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wix with a $126.41 average price target.

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Based on Wix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $524.27 million and a GAAP net loss of $40.23 million. In comparison, last year the company earned a revenue of $460.46 million and had a net profit of $48.02 million

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