Key Insights:
- Wix.com's revenue exceeded expectations with a notable year-over-year growth of 13%.
- Despite strong revenue, earnings per share fell short of projections.
- Stock buyback program expansion signals confidence in long-term growth.
Wix.com Ltd (NASDAQ: WIX) saw a 2% decline in premarket trading as the company released its mixed first-quarter results, overshadowed by a cautious revenue outlook for the second quarter. A significant takeaway was the company's revenue of $473.7 million, reflecting a solid 13% year-over-year growth, yet earnings per share did not meet market expectations. Adding a positive note, Wix.com announced an expansion of its stock buyback program, demonstrating confidence in its future growth trajectory.
Wall Street Analysts' Price Forecast
The one-year price targets set by 21 analysts put the average target price for Wix.com Ltd (WIX, Financial) at $238.05. The estimates range from a low of $169.11 to a high of $300.00, suggesting a potential upside of 30.99% from the current share price of $181.74. For more detailed estimate data, visit the Wix.com Ltd (WIX) Forecast page.
Brokerage Recommendations
With input from 25 brokerage firms, Wix.com Ltd (WIX, Financial) maintains an average brokerage recommendation of 2.0, equating to an "Outperform" rating. This consensus indicates a positive outlook, with the rating scale ranging from 1 (Strong Buy) to 5 (Sell), reinforcing the investment community's positive sentiment.
GuruFocus GF Value Analysis
According to GuruFocus, the estimated GF Value for Wix.com Ltd (WIX, Financial) in the next year is projected at $123.19, which implies a potential downside of 32.22% from the current price of $181.74. The GF Value reflects a calculated estimation of the fair value a stock should trade at, derived from historical trading multiples, past business growth, and future performance assessments. For more comprehensive data, explore the Wix.com Ltd (WIX) Summary page.
