Scotiabank initiated coverage on Wix.com with a new price target
$WIX
Computer Software: Programming Data Processing
Technology
Scotiabank initiated coverage of Wix.com with a rating of Sector Outperform and set a new price target of $250.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/5/2025 | $250.00 | Sector Outperform | Scotiabank |
| 2/3/2025 | $208.00 | Underweight | Wells Fargo |
| 1/21/2025 | $225.00 → $300.00 | Outperform → Strong Buy | Raymond James |
| 1/13/2025 | $248.00 → $276.00 | Equal-Weight → Overweight | Morgan Stanley |
| 9/23/2024 | $184.00 → $200.00 | Neutral → Overweight | Piper Sandler |
| 9/5/2024 | $200.00 | Overweight | Cantor Fitzgerald |
| 7/25/2024 | Sector Weight | KeyBanc Capital Markets | |
| 5/21/2024 | $160.00 → $190.00 | Buy | Needham |
Capping off a year of sustained growth acceleration and stronger than expected FCF generation – surpassing Rule of 40 in 2024 and on track to achieve Rule of 45 in 2025 Culminated a year of accelerated growth and innovation with Q4 bookings of $465 million, up 18% y/y, and Q4 revenue of $460 million, up 14% y/y Steady growth acceleration in Self Creators coupled with continued strength in high-growth Partners, demonstrated by Partners revenue growth of 30% y/y in FY2024Strong momentum across key product focus areas, including Studio, AI and commerce as well as solid business fundamentals and price increase benefit Robust growth and a stable operating cost base drove FCF1 generation to nearl
NEW YORK -- Wix.com Ltd. (NASDAQ:WIX), today announced that it will report its results for the fourth quarter ended December 31, 2024 before the market opens on Wednesday, February 19, 2025. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. What:Wix Fourth Quarter and Full Year 2024 Results Conference CallWhen: Wednesday, February 19, 2025Time: 8:30 a.m. ETRegistration: https://register.vevent.com/register/BIe6c600
Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18% Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentalsStrengthening tailwinds from key AI innovations – notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI-powered user onboarding toolTotal revenue grew to $444.7 million, up 13% y/y, driven by accelerating growth across both Self Creators and PartnersFCF margin expanded ~170 bps sequentially
Announcement reflects company's commitment to augment Board of Directors with industry-experienced executives from both the government and software sectors Cognyte Software Ltd. (NASDAQ:CGNT) ("Cognyte"), a global leader in investigative analytics software, today announced the appointment of two new members to its Board of Directors. Matthew O'Neill and Nurit Benjamini will join the board on March 1, 2025, and March 31, 2025, respectively, reflecting the company's commitment to add independent directors from the government and software sectors. Richard Nottenburg will be stepping down from his board position effective March 31, 2025. Having served with the United States Secret Service f
Partners can earn revenue share from day one when creating on Wix Studio, further enriching the financial advantages of the Wix Partner Program NEW YORK, Jan. 10, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today announced a new revenue sharing plan for Partners creating on Wix Studio, the ultimate creation platform built for agencies and freelancers. The new revenue share plan is part of the exclusive Wix Partner Program which is a loyalty-based program with benefits such as priority support, a Partner success manager, eligibility to join the Wix Marketplace, advanced features, and collabo
Gavin Patterson, previously of Salesforce and Francesco de Mojana, previously of Permira, to join Wix's Board of Directors NEW YORK, March 8, 2023 /PRNewswire/ -- Wix (NASDAQ:WIX), today announced changes to its Board of Directors. The announced changes are part of Wix's track record of regularly refreshing and enhancing its board to closely align with the changing operating environment as well as its current strategic objectives, balancing stability and expertise with change and adaptability. Additionally, these changes support Wix's continued transition to a new phase of value creation focused on product-led growth with sustained profitability and a commitment to achieving "Rule of 40" in
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Scotiabank initiated coverage of Wix.com with a rating of Sector Outperform and set a new price target of $250.00
Wells Fargo initiated coverage of Wix.com with a rating of Underweight and set a new price target of $208.00
Raymond James upgraded Wix.com from Outperform to Strong Buy and set a new price target of $300.00 from $225.00 previously
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Wix Functions empowers users to create customized business flows, automate pricing and checkout rules, and tailor app behavior NEW YORK – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today launched Wix Functions, a no-code interface that allows users to customize outcomes for various business scenarios, enabling businesses to operate more smoothly and effectively. With an intuitive visual function builder, businesses can define custom business logic, such as adding dynamic pricing rules, enforce checkout conditions, and tailor loyalty rewards, ensuring their operations adapt to their specific business needs. With Wix Functions, users can define custom out
The automation builder streamlines complex business logic into dynamic automated workflows with a visual canvas, flexible conditions, formulas, and full customization NEW YORK – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced its new automation builder, designed to support advanced business workflows with a highly intuitive, fully customizable automation engine. The automation builder introduces a dynamic visual canvas that allows users to map out and manage complex automation logic with precision, ensuring businesses can create workflows that align with their specific operational needs. This level of data-driven customization ultimately enabl
Merchants, self-creators, and agencies using Wix can tap into Printful's fulfillment services to uniquely expand their brand with high-quality, custom products NEW YORK – – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced a native integration with Printful, one of the leading print-on-demand companies, to bring a native, out-of-the-box experience to Wix and Wix Studio users. With direct access to Printful's print-on-demand and dropshipping fulfillment services, Wix users can create their own high-quality, branded product collections without leaving Wix. Wix users have the opportunity to create their own merchandise that is typically inaccess