Wix, GoDaddy in spotlight as Piper Sandler changes ratings on pair

seekingalpha09-23

Wix.com (NASDAQ:WIX) and GoDaddy (NYSE:GDDY) were in the spotlight on Monday as Piper Sandler changed its ratings on the web development companies. Wix.com shares rose 1.7%, while GoDaddy fell 0.4% in...

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Wix.com shares rose 1.7%, while GoDaddy fell 0.4% in...</p>\n\n<a href=\"https://seekingalpha.com/news/4152018-wix-godaddy-in-spotlight-as-piper-sandler-changes-ratings-on-pair\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wix, GoDaddy in spotlight as Piper Sandler changes ratings on pair</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWix, GoDaddy in spotlight as Piper Sandler changes ratings on pair\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-23 22:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4152018-wix-godaddy-in-spotlight-as-piper-sandler-changes-ratings-on-pair><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wix.com (NASDAQ:WIX) and GoDaddy (NYSE:GDDY) were in the spotlight on Monday as Piper Sandler changed its ratings on the web development companies. Wix.com shares rose 1.7%, while GoDaddy fell 0.4% in...</p>\n\n<a href=\"https://seekingalpha.com/news/4152018-wix-godaddy-in-spotlight-as-piper-sandler-changes-ratings-on-pair\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WIX","symbol_name":"Wix.Com Ltd","start_time":0,"source_url":"https://seekingalpha.com/news/4152018-wix-godaddy-in-spotlight-as-piper-sandler-changes-ratings-on-pair","article_id":"2469045146","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/648333668/image_648333668.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469045146","pubTimestamp":1727102257,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Wix.com (NASDAQ:WIX) and GoDaddy (NYSE:GDDY) were in the spotlight on Monday as Piper Sandler changed its ratings on the web development companies. 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Jefferies also upped his price target on Wix to $200 from $184.  Conversely, GoDaddy was cut to Neutral from Overweight on the belief that the stock now reflects much of the operational improvements the company made. \"We have no doubts the company can continue to execute against its medium-term targets of revenue growth, mid-teens EBITDA growth, and 20% FCF/share CAGR,\" Jefferies wrote. \"However, we believe this year's performance has come close to pricing in the company's medium-term targets.\" Analysts are largely bullish on Wix.com (WIX). It has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. 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