In a recent update, B of A Securities has made significant adjustments to their price target for Wix.com (WIX, Financial). The financial services company, through their analyst Michael McGovern, has lowered the price target from $270.00 to $230.00 USD. This adjustment reflects a decrease of approximately 14.81%.
Despite the reduction in the price target, the rating for Wix.com (WIX, Financial) remains unchanged. B of A Securities continues to maintain a "Buy" rating for the stock. As of the latest available data, both the previous and current ratings indicate a positive outlook for the company within the market.
The changes were reported on May 21, 2025, affecting the market perception of Wix.com's potential value. Investors are advised to take note of the revised price target in their assessments of WIX's stock performance and potential future growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Wix.com Ltd (WIX, Financial) is $238.05 with a high estimate of $300.00 and a low estimate of $169.11. The average target implies an upside of 49.34% from the current price of $159.40. More detailed estimate data can be found on the Wix.com Ltd (WIX) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Wix.com Ltd's (WIX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Wix.com Ltd (WIX, Financial) in one year is $123.18, suggesting a downside of 22.72% from the current price of $159.4. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Wix.com Ltd (WIX) Summary page.
