UPDATE: Oppenheimer Initiates Coverage on Wix.com on Strong Web-Development Platform

In a report published Monday, Oppenheimer analyst Jason Helfstein initiated coverage on Wix.com Ltd. (NASDAQ: WIX ) with an Outperform rating and $25.00 price target. In the report, Oppenheimer noted, “We are initiating coverage of Wix with an Outperform rating and 12-18 month price target of $25. Wix operates a