On Nov 20, major Wall Street analysts update their ratings for $Wix.com (WIX.US)$, with price targets ranging from $187 to $228.
Morgan Stanley analyst Elizabeth Porter maintains with a hold rating, and maintains the target price at $187.
J.P. Morgan analyst Alexei Gogolev maintains with a hold rating, and adjusts the target price from $195 to $205.
BofA Securities analyst Mike McGovern maintains with a buy rating, and adjusts the target price from $190 to $228.
Evercore analyst Jian Li maintains with a buy rating, and adjusts the target price from $200 to $210.
Needham analyst Bernie McTernan maintains with a buy rating, and maintains the target price at $200.
Furthermore, according to the comprehensive report, the opinions of $Wix.com (WIX.US)$'s main analysts recently are as follows:
Following a robust growth in Q3 and an optimistic Q4 guidance that surpassed expectations for bookings growth and free cash flow, analysts are assigning a higher value multiple to their estimates. This adjustment reflects the company's consistent revenue stream, the introduction of new AI-infused products, and elevated expectations for future growth and profit margins.
Wix.com's Q3 figures aligned with revenue forecasts, yet its free cash flow notably exceeded expectations, and Creative Subscriptions bookings saw a significant acceleration. The analyst suggests that an optimal capital allocation could involve refinancing convertible securities and increasing share repurchases.
Here are the latest investment ratings and price targets for $Wix.com (WIX.US)$ from 5 analysts:
Note:
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