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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Wix shares plummeted 32% after Scotiabank cut its price target from $135.00 to $110.00 while maintaining an Outperform rating. The company reported adjusted earnings per share of $0.68, significantly missing analysts' expectations of $1.25. Additionally, the adjusted gross margin declined to 66%.