Why Wix Stock Soared More Than 10% This Week

·1 min read
Why Wix Stock Soared More Than 10% This Week

Shares of Wix.com (NASDAQ: WIX) were up more than 10% this week after a broad rise in technology stocks and bullish sentiment from a Wall Street analyst. This week, Morgan Stanley analysts initiated an overweight (which means buy) rating on Wix.com stock, with a price target of $339 a share. Wix currently trades at around $305 a share.

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