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B. Riley Securities Sticks to Its Buy Rating for Wix (WIX)

Tipranks - Tipranks - Tue Mar 10, 9:54AM CDT

B. Riley Securities analyst Naved Khan maintained a Buy rating on Wix on March 5 and set a price target of $180.00.

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According to TipRanks, Khan is a 5-star analyst with an average return of 16.6% and a 58.33% success rate. Khan covers the Consumer Cyclical sector, focusing on stocks such as Expedia, TripAdvisor, and ACV Auctions.

In addition to B. Riley Securities, Wix also received a Buy from UBS’s Christopher Zhang in a report issued on March 6. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Wix (NASDAQ: WIX).

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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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