Truist Financial (NYSE:TFC) analyst Youssef Squali maintained a Buy rating on Wix (NASDAQ:WIX).com Ltd on Thursday, setting a price target of $215, which is approximately 23.12% below the present share price of $279.67.
Squali expects Wix.com Ltd to post earnings per share (EPS) of -$1.06 for the fourth quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Wix, with an average price target of $334.62.
The analysts price targets range from a high of $363 to a low of $270.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $236.06 million and a net profit of -$53.75 million. The company's market cap is $15.56 billion.
According to TipRanks.com, Truist Financial analyst Youssef Squali is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.2% and a 75.32% 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.