Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Wix (NASDAQ:WIX).com Ltd on Wednesday, setting a price target of $200, which is approximately 2.69% above the present share price of $194.76.
Zgutowicz expects Wix.com Ltd to post earnings per share (EPS) of $0.29 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Wix, with an average price target of $238.55.
The analysts price targets range from a high of $290 to a low of $200.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $320.8 million and a net profit of -$69.96 million. The company's market cap is $11.09 billion.
According to TipRanks.com, Rosenblatt Securities analyst Mark Zgutowicz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 51.2% and a 72.87% success rate.
Wix.com Ltd. engages in the provision of web development, design, and management solutions and applications. It provides free design templates for personal and business use, web design and layout tools, web hosting through the Wix domain, applications from the App Market, blog and social network page support, other marketing and work flow management applications and services. The company also offers eCommerce and appointment applications, and marketing tools such as Google (NASDAQ:GOOGL) Analytics and mailing lists. Wix.com was founded by Avishai Abrahami, Nadav Abrahami and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.