Wix.com (WIX) Stock Price: $105 Target And Outperform Rating

By Amit Chowdhry ● Jun 13, 2022
  • The shares of Wix.com Ltd (NASDAQ: WIX) have received a $105 price target from Evercore ISI. These are the details.

The shares of Wix.com Ltd (NASDAQ: WIX) have received a $105 price target from Evercore ISI. And Evercore ISI analyst Mark Mahaney is maintaining an “Outperform” rating on the shares.

Mahaney had removed Wix.com from the”Tactical Underperform” list following the first-quarter Q1 earnings. And Mahaney believes that the headwinds to estimates from near-term exposure to Ukraine and potential revenue shortfalls and cost overruns have played out. 

Even though Mahaney sees the near-term headwinds persisting, the analyst is incrementally constructive following Wix’s investor day.

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