Wix.com’s (WIX) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Wix.com (NASDAQ:WIX) in a research note published on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $80.00 price objective on the information services provider’s stock.

A number of other research analysts also recently commented on WIX. Cantor Fitzgerald dropped their price objective on Wix.com from $110.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Weiss Ratings cut Wix.com from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. UBS Group reduced their price objective on shares of Wix.com from $68.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Bank of America lowered their target price on shares of Wix.com from $136.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Citizens Jmp cut shares of Wix.com from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, April 7th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.10.

Wix.com Stock Down 1.1%

Shares of Wix.com stock opened at $60.20 on Wednesday. Wix.com has a 52-week low of $40.16 and a 52-week high of $190.93. The company has a 50 day moving average of $50.82 and a 200 day moving average of $66.97. The company has a market capitalization of $3.51 billion, a P/E ratio of -17.01, a P/E/G ratio of 172.17 and a beta of 0.90.

Wix.com (NASDAQ:WIX) last issued its earnings results on Tuesday, August 4th. The information services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.26. The firm had revenue of $563.06 million during the quarter, compared to the consensus estimate of $552.56 million. Wix.com had a negative net margin of 8.19% and a negative return on equity of 1.61%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.28 earnings per share. As a group, research analysts anticipate that Wix.com will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wix.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Wix.com by 122.2% in the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after acquiring an additional 132 shares during the period. Geneos Wealth Management Inc. lifted its position in Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after buying an additional 215 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Wix.com during the fourth quarter worth about $27,000. National Bank of Canada FI acquired a new stake in shares of Wix.com in the third quarter worth approximately $54,000. Finally, Employees Retirement System of Texas raised its stake in Wix.com by 129.9% during the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock worth $46,000 after purchasing an additional 252 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

Wix.com News Roundup

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: Wix’s recent quarterly results exceeded expectations, with adjusted EPS of $1.39 versus the $1.13 consensus estimate and revenue of $563.1 million compared with $552.6 million expected. Revenue increased 14.9% year over year. Wix.com Shares Up 14.6% Following Strong Earnings
• Positive Sentiment: Analysts at Needham, Cantor Fitzgerald and Benchmark reiterated favorable views or projected meaningful upside, providing support after Wix’s 21.3% July rebound. Wix.com Earns Buy Rating from Needham
• Positive Sentiment: Investor-focused coverage highlighted stronger Self Creators growth and demand for Wix’s Base44 artificial-intelligence product. Management is targeting approximately 60% non-GAAP gross margins for Base44 in the second half of 2026, although broader revenue growth guidance remains in the low-to-mid teens. Wix Targets Base44 Gross Margin
• Neutral Sentiment: Analysts and market commentary remain focused on whether Base44 demand and lower AI inference costs can offset increased marketing spending and softness among Wix Partners, potentially delaying operating-margin expansion. Wix Q2 Results Put Base44 Growth and Margin Reinvestment in Focus
• Negative Sentiment: Multiple law firms announced or promoted a securities class action covering investors who purchased Wix securities from February 19, 2025, through May 12, 2026. The lawsuits allege investors were harmed by disclosures involving Wix’s AI competitiveness, Base44 costs and Wix Harmony. The lead-plaintiff application deadline is September 22, 2026. The allegations have not been proven. Kaplan Fox Class Action Notice

Wix.com Company Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.