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Rosenblatt Securities Sticks to Their Hold Rating for Wix.com Ltd

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Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Wix (NASDAQ:WIX).com Ltd on Friday, setting a price target of $148, which is approximately 10.95% below the present share price of $166.2.

Zgutowicz expects Wix.com Ltd to post earnings per share (EPS) of -$0.42 for the second quarter of 2020.

The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Wix, with an average price target of $184.86.
The analysts price targets range from a high of $222 to a low of $130.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $204.59 million and a net profit of -$17.69 million. The company's market cap is $9.84 billion.

According to TipRanks.com, Rosenblatt Securities analyst Mark Zgutowicz is a 5-star analyst with an average return of 24.2% and a 64.3% 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.