Key Highlights:
- Wix.com (WIX, Financial) reports robust Q1 earnings with $1.69 non-GAAP EPS and $473.7 million in revenue.
- Creative Subscriptions revenue increases 11% year-over-year to $337.7 million.
- While maintaining its full-year outlook, economic uncertainties temper future expectations.
Wix.com Q1 Financial Performance
Wix.com (WIX) demonstrated strong Q1 results with a non-GAAP earnings per share of $1.69 accompanied by a revenue surge to $473.7 million. The company's Creative Subscriptions segment showcased significant growth, achieving an 11% year-over-year increase, reaching $337.7 million. Despite these impressive numbers, Wix.com remains cautious and maintains its full-year bookings and revenue outlook due to prevailing economic uncertainties.
Wall Street Analysts Forecast
According to the collective insights of 21 analysts, Wix.com Ltd (WIX, Financial) has a one-year average price target of $239.96. The forecasts vary, with a high estimate of $300.00 and a low point of $169.11. This average target suggests a promising upside potential of 32.03% compared to the current stock price of $181.74. For more comprehensive estimate data, visit the Wix.com Ltd (WIX) Forecast page.
The consensus recommendation from 25 brokerage firms positions Wix.com Ltd (WIX, Financial) at an average brokerage recommendation of 2.0, signaling an "Outperform" status. The rating scale uses a range where 1 signifies Strong Buy and 5 indicates Sell.
Assessing Wix.com's GF Value
From a valuation perspective, the GF Value for Wix.com Ltd (WIX, Financial) is estimated at $123.19, suggesting a potential downside of 32.22% from the current price of $181.74. The GF Value represents GuruFocus' assessment of the fair stock price, derived from historical trading multiples, past business growth, and future business performance projections. For more detailed insights, please refer to the Wix.com Ltd (WIX) Summary page.
