- Wix.com (WIX, Financial) experienced a significant 12% drop following mixed quarterly results.
- Despite revenue growth, future revenue guidance disappointed investors.
- Wall Street analysts maintain positive ratings and predict a promising upside potential.
Shares of Wix.com (WIX) recently plunged by 12% after the company reported mixed quarterly results alongside a lackluster forecast for its upcoming quarter. Although the company achieved a 13% rise in revenue, exceeding its own guidance, the outlook for future revenue failed to meet market expectations. Notably, major financial institutions such as Morgan Stanley, RBC, and BofA have upheld their positive ratings. They cite robust booking growth and reiterate their confidence in the company’s 2025 targets.
Wall Street Analysts Forecast
According to projections provided by 21 analysts, the average one-year price target for Wix.com Ltd (WIX, Financial) stands at $238.05. Estimates range from a high of $300.00 to a low of $169.11. This average target suggests an impressive upside potential of 50.13% from the current trading price of $158.56. For more in-depth analysis and projections, investors can explore the Wix.com Ltd (WIX) Forecast page.
The consensus recommendation, gleaned from 25 brokerage firms, places Wix.com Ltd (WIX, Financial) at an average brokerage recommendation of 2.0, which corresponds to an "Outperform" rating. Within this rating system, a score of 1 denotes a Strong Buy, whereas a score of 5 indicates Sell.
Furthermore, GuruFocus estimates forecast a GF Value for Wix.com Ltd (WIX, Financial) of $123.18 in one year's time, suggesting a potential downside of 22.31% from its current price of $158.56. The GF Value symbolizes GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and projected future performance metrics. For a more comprehensive overview, stakeholders are encouraged to visit the Wix.com Ltd (WIX) Summary page.
