- 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.
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