WIX Stock: $339 Target From Morgan Stanley

By Amit Chowdhry ● Aug 1, 2021
  • The shares of Wix.Com Ltd (NASDAQ: WIX) have received a price target of $339 from Morgan Stanley. These are the details.

The shares of Wix.Com Ltd (NASDAQ: WIX) have received a price target of $339 from Morgan Stanley. And Morgan Stanley analyst Elizabeth Elliott initiated Wix shares with an “Overweight” rating.

In a research note, Elliott wrote that Wix is expanding from a web development platform to a full-suite, which will enable entrepreneurs to manage their businesses with e-commerce, payments, and marketing tools. 

And this should help them drive stronger monetization per subscription and durable top-line growth. This warrants a premium to Wix’s historical valuation. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.