Key Takeaways:
- Wix.com (WIX, Financial) price increase boosts stock by 4.2%, maintains momentum with a $240 target.
- Analysts project a potential 46.17% upside with an average target price of $223.63.
- GuruFocus estimates indicate a potential downside of 8.93% with a GF Value of $139.34.
Wix.com Stock Performance Update
Wix.com (WIX) has recently experienced a 4.2% increase in its stock price, following Barclays' announcement that the company has hiked prices on its two-year and three-year subscription plans by 8% to 21%. Barclays continues to hold an Overweight rating on Wix, with a $240 price target, providing a vote of confidence in the company's strategic pricing decisions. Investors keenly await Wix.com's Q2 financial results, which are scheduled for release on August 6.
Analysts' Price Targets and Recommendations
According to projections from 21 analysts over the next year, Wix.com Ltd (WIX, Financial) has an average target price of $223.63. Estimates range from a high of $250.00 to a low of $168.32, suggesting a potential upside of 46.17% from the current trading price of $153.00. Investors can explore more detailed estimate data on the Wix.com Ltd (WIX) Forecast page.
With a consensus recommendation across 25 brokerage firms, Wix.com Ltd (WIX, Financial) holds an average brokerage recommendation of 1.9, which corresponds to an "Outperform" rating. This scale ranges from 1 to 5, with 1 indicating a Strong Buy and 5 representing a Sell recommendation.
GuruFocus Valuation Insights
According to GuruFocus estimates, the one-year GF Value for Wix.com Ltd (WIX, Financial) is projected to be $139.34, indicating a possible downside of 8.93% from the present price of $153. This GF Value is GuruFocus' assessment of the fair value at which the stock should be traded. It is derived from historical multiples, past business growth, and future business performance estimates. Additional detailed data can be accessed on the Wix.com Ltd (WIX) Summary page.
