Wix.com upgraded by Piper Sandler with a new price target
$WIX
Computer Software: Programming Data Processing
Technology
Piper Sandler upgraded Wix.com from Neutral to Overweight and set a new price target of $200.00 from $184.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 5/21/2024 | $160.00 → $200.00 | Outperform | Oppenheimer |
| 5/21/2024 | $165.00 → $184.00 | Overweight → Neutral | Piper Sandler |
| 3/27/2024 | $160.00 | Outperform | Raymond James |
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
Wix to Announce Third Quarter 2024 Results on November 20, 2024 NEW YORK, October 30, 2024 -- Wix.com Ltd. (NASDAQ:WIX), today announced that it will report its results for the third quarter ended September 30, 2024 before the market opens on Wednesday, November 20, 2024. 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 Third Quarter 2024 Results Conference CallWhen:Wednesday, November 20, 2024Time:8:30 a.m.
Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H Meaningful bookings growth acceleration with total bookings of $458.4 million, up 15% y/y, as a result of strong Wix Studio uptake, benefits from growing AI capabilities and commerce platform expansion as well as positive response to the price increase implemented earlier this yearBookings growth accelerated across both Self Creators and PartnersContinue to expect bookings growth acceleration to 16% y/y in 2H at the high end of full year guidance rangeTotal revenue of $435.7 million exceeded expectations, up 12% y/y, driven by strong Partners growth of 29% y/yRecord take rate
The new AI Site-Chat improves how website visitors interact with businesses' sites, ultimately increasing customer engagement and streamlining support NEW YORK – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced the launch of the AI Site-Chat - designed to serve as a virtual agent for customers. With the AI Site-Chat, businesses can connect with visitors 24/7, answer their questions, and provide relevant information in real time, even when business owners are unavailable. By enhancing availability and engagement on their websites, the feature empowers businesses to meet the needs of their customers around the clock, ultimately improving the cu
The first-ever capsule of web design assets incorporating the Pantone Color of the Year 2025 PANTONE 17-1230 Mocha Mousse is now exclusively available on Wix Studio NEW YORK -- Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, announced today Wix Studio and Pantone®, the global color authority and provider of professional color language standards and digital solutions for the design community, have teamed up to create the first-ever web design asset collection curated in the Pantone Color of the Year 2025 PANTONE 17-1230 Mocha Mousse—a rich and warming hue, whose ability to find the balance between the demands of modernity and the timeless beauty of artful crea
The annual report, based on expert analysis and comprehensive data, recognized Wix as a leader in web accessibility and SEO NEW YORK — Wix.com (NASDAQ:WIX), the leading SaaS website builder platform globally1, earned top recognition in the 2024 Web Almanac report as the Most Accessible Website Platform CMS and Best SEO Performer. These distinctions reflect Wix's commitment to empowering users with tools that prioritize website accessibility and optimize discoverability. This report, produced by the HTTP Archive - a project that tracks how websites are built - provides an annual overview of the state of the web. They gather insights from data collected across millions of websites and co
Morgan Stanley upgraded Wix.com from Equal-Weight to Overweight and set a new price target of $276.00 from $248.00 previously
Piper Sandler upgraded Wix.com from Neutral to Overweight and set a new price target of $200.00 from $184.00 previously
Cantor Fitzgerald initiated coverage of Wix.com with a rating of Overweight and set a new price target of $200.00
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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
Sportradar, a leading global provider of sports betting and sports entertainment products and services, today announced that Deirdre M. Bigley has been appointed to the Sportradar Holding AG ("Global") Board of Directors, effective immediately. Deirdre Bigley has been Chief Marketing Officer of Bloomberg, the world's primary distributor of financial data, since 2014. Bigley has been responsible for designing and launching the first global marketing department at Bloomberg and building marketing strategies for all business units across the company. Bigley joined Bloomberg in 2009 as the Global Leader of Marketing Communications. Prior to her career at Bloomberg, Bigley held numerous leaders