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Myb News · Nov 12, 2026

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WIX shares slide as Bank of America cuts its rating Bank of America analyst Michael McGovern lowered the price target for WIX to $68 from $75. Third quarter revenue rose 13% to $570.2 million, beating analyst estimates. However, adjusted operating income of $68.7 million missed the $74 million estimate. Growth in the agency site building business is slowing due to competition from artificial intelligence coding tools like Lovable and Cursor. For the full story

*WIX shares slide as Bank of America cuts its rating* Bank of America analyst Michael McGovern lowered the price target for WIX to $68 from $75. Third quarter revenue rose 13% to $570.2 million, beating analyst estimates. However, adjusted operating income of $68.7 million missed the $74 million estimate. Growth in the agency site building business is slowing due to competition from artificial intelligence coding tools like Lovable and Cursor. *For the full story* https://mybnews.com/a/wix-shares-slide-as-bank-of-america-cuts-its-rating

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