Oppenheimer cites compressed software multiples, mixed margin trajectory for Wix.com Ltd. (WIX)
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Oppenheimer analyst Ken Wong has lowered the price target for Wix.com Ltd. (WIX) from $160 to $130, citing compressed software multiples, while maintaining an Outperform rating. Wix.com is recognized as one of the top tech stocks in a recent list of 15 Best Strong Buy Tech Stocks to Invest In.
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