Evercore analyst Jian Li maintains $Wix.com (WIX.US)$ with a buy rating, and adjusts the target price from $210 to $250.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 9.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Wix.com (WIX.US)$'s main analysts recently are as follows:
Q3 results surpassed expectations along with upgrades to projections for revenue, billings, and free cash flow, suggesting sturdy exit rates for FY24 that could sustain into FY25. Enhancement of core initiatives, including those with Studio, bolstering Partners' durability, and AI initiatives that foster growth for Self-Creators, are expected to drive continued performance improvement into 2025.
While Wix.com reported another solid quarter, expectations were set for a quicker growth in self-creator segment. Despite these anticipations, both partner and business solutions showed acceleration, even with challenging comparisons. Additionally, the company's free cash flow margin is nearing the 30% mark, and it is on track to reach $500M in free cash flow by 2024, ahead of its previous long-term forecasts.
Following a report of robust growth in Q3 and optimistic guidance for Q4 that surpasses existing market predictions for bookings growth and free cash flow, there is an increased valuation multiple now being applied due to Wix.com's consistently recurring revenue stream, introduction of new AI-driven products, and anticipated improvements in growth and margins.
Note:
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Evercore分析師Jian Li維持$Wix.com (WIX.US)$買入評級，並將目標價從210美元上調至250美元。
根據TipRanks數據顯示，該分析師近一年總勝率為66.7%，總平均回報率為9.3%。
此外，綜合報道，$Wix.com (WIX.US)$近期主要分析師觀點如下：
第三季度的結果超出預期，隨着營業收入、賬單和自由現金流的預測升級，暗示着到FY24年底可能能保持進入FY25年的穩健增長率。核心業務的增強，包括與Studio合作的業務加固了合作伙伴的穩定性，以及促進Self-Creators增長的人工智能項目，預計將推動繼續改善績效至2025年。
雖然wix.com報告了另一個紮實的季度，但對自創者領域的增長預期設定更快。儘管存在這些預期，但合作伙伴和業務解決方案均表現出加速增長，即使面臨挑戰性比較。此外，公司的自由現金流利潤率接近30%的標誌，並有望在2024年前達到50000萬美元的自由現金流，超過先前的長期預測。
在第三季度強勁增長的報告和對第四季度的樂觀指導超出了現有市場對預定增長和自由現金流的預測之後，由於wix.com始終如一的循環營收流，新的人工智能產品推出以及預期的增長和利潤率改善，現在正在應用更高的估值倍數。
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