|Bid||290.66 x 800|
|Ask||310.00 x 800|
|Day's Range||298.80 - 306.28|
|52 Week Range||213.12 - 362.07|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 04, 2021 - Aug. 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||323.05|
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.
Wix.com (NASDAQ: WIX), the world's leading drag-and-drop website building tool, has been on a spending spree as of late. On June 15, Wix announced it had acquired a leading marketplace and dropshipping platform called Modalyst for an undisclosed price. What is Modalyst?
In a first-of-its-kind move, Wix is going from digital to physical. Is this the right move for the company?