Shares of Wix.Com Ltd (NASDAQ:WIX) were under pressure in early trading on Thursday, even after the company reported upbeat third-quarter earnings.

Here are some key analyst takeaways:

Scotiabank analyst Nat Schindler maintained a Sector Outperform rating, while slashing the price target from $255 to $175.

Needham analyst Bernie McTernan reiterated a Buy rating, while cutting the price target from $200 to $180.

Citizens JMP Securities analyst Andrew Boone reaffirmed a Market Outperform rating, while reducing the price target to $185.

Cantor Fitzgerald analyst Deepak Mathivanan reiterated an Overweight rating, while lowering the price target from $160 to $135.

Benchmark analyst Mark Zgutowicz maintained a Buy rating and price target of $185.

Check out other analyst stock ratings.

Scotiabank: Wix delivered "a clean beat" in the top and bottom lines, backed by core platform strength and "strong acceleration from Base44," Schindler said in a note. The company's revenues of $505 million came in higher than consensus of $502 million, while operating expenses were above expectations due to higher R&D costs associated with Base44, he added.

The company raised its revenue guidance by around $15 million at the low end and took ...