Analysts Upgrade Wix (WIX) After Share Repurchase News

Wix.com Ltd. (NASDAQ:WIX) is one of the most promising cloud stocks according to analysts. Capitalizing on the decline in its share price over the past year, Wix.com Limited (NASDAQ:WIX) management announced a $2 billion share repurchase program on January 28. Although this comes amid analysts lowering their price targets on the stock. On January 15, Morgan Stanley analyst Elizabeth Porter reiterated her Buy rating on the stock while lowering the firm’s price target from $181 to $160. The downward-adjusted ...