Wix.com price target lowered to $190 from $210 at RBC Capital

2 days ago 3

RBC Capital expert Brad Erickson lowered the firm’s price target connected Wix.com (WIX) to $190 from $210 and keeps an Outperform standing connected the shares. The company’s Q3 people was challenging arsenic Vibe coding is affecting margins much than expected astatine slightest starting out, portion the top-line numbers don’t wholly overgarment a representation of it being incremental, the expert tells investors successful a probe note. Among the challenges, the absorption besides commented that Base44 was a meaningful contributor wrong Creative Subscriptions to the usher up connected bookings – which means that halfway Creative Subscriptions whitethorn person somewhat missed, the steadfast added.

TipRanks Black Friday Sale

Claim 60% disconnected TipRanks Premium for the data-backed insights and probe tools you request to put with confidence.
Subscribe to TipRanks' Smart Investor Picks and spot our information successful enactment done our high-performing exemplary portfolio - present besides 60% disconnected

Published archetypal connected TheFly – the eventual root for real-time, market-moving breaking fiscal news. Try Now>>

See the apical stocks recommended by analysts >>

Read More connected WIX:

Disclaimer & DisclosureReport an Issue