Jefferies analyst Brent Thill maintains $Wix.com (WIX.US)$ with a buy rating, and adjusts the target price from $185 to $260.
According to TipRanks data, the analyst has a success rate of 57.3% and a total average return of 8.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Wix.com (WIX.US)$'s main analysts recently are as follows:
Following another vigorous year for internet stocks in 2024, continuing momentum in this sector is expected to be driven more by compelling fundamentals rather than multiple expansions. The broad performance of internet stocks exceeded expectations in the prior year. Looking ahead to 2025, the fundamentals are seen to be more robustly positioned, while valuation multiples remain within reasonable limits, even after two years of re-rating.
A combination of second half weighted share performance in 2024 and a seasonally challenging first quarter leads analysts to advocate a more cautious, selective approach to software heading into 2025. Additionally, it is anticipated that the sector will experience acceleration in the latter half of 2025, potentially driven by more significant contributions from AI and positive revisions based on conservative guidance.
Note:
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