Barclays raised Wix.com's price target to $160 and gave an overweight rating as it surpassed EPS estimates.

Barclays raised its price target for Wix.com (NASDAQ: WIX) to $160 from $147 and gave the information services provider an overweight rating. Wix.com exceeded analysts' consensus estimates of $0.98 EPS, reporting $1.22 EPS for the quarter. Several other analysts, including UBS Group and Bank of America, have issued buy ratings and set price targets above $150 for Wix.com, which has a market cap of $7.67 billion and a PE ratio of 244.04.

February 26, 2024
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