Wix.com (WIX) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Wix.com (NASDAQ: WIX) recently:

• 11/23/2024 – Wix.com was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/21/2024 – Wix.com had its price target raised by analysts at Cantor Fitzgerald from $200.00 to $240.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Wix.com had its price target raised by analysts at Piper Sandler from $200.00 to $249.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Wix.com had its price target raised by analysts at Royal Bank of Canada from $190.00 to $245.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Wix.com had its price target raised by analysts at B. Riley from $190.00 to $220.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Wix.com had its price target raised by analysts at Benchmark Co. from $225.00 to $250.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Wix.com had its price target raised by analysts at Barclays PLC from $184.00 to $236.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Wix.com had its price target raised by analysts at JPMorgan Chase & Co. from $195.00 to $205.00. They now have a “neutral” rating on the stock.
• 11/20/2024 – Wix.com had its price target raised by analysts at Bank of America Co. from $190.00 to $228.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Wix.com had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $200.00 price target on the stock.
• 11/15/2024 – Wix.com was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/7/2024 – Wix.com had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $200.00 price target on the stock.
• 10/1/2024 – Wix.com had its price target lowered by analysts at Barclays PLC from $186.00 to $184.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – Wix.com had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $200.00 price target on the stock.

Wix.com Stock Performance

NASDAQ:WIX opened at $217.20 on Monday. The stock’s fifty day moving average is $170.73 and its 200 day moving average is $163.10. Wix.com Ltd. has a fifty-two week low of $95.65 and a fifty-two week high of $220.22. The firm has a market capitalization of $11.91 billion, a PE ratio of 135.75, a PEG ratio of 4.21 and a beta of 1.47.

Institutional Trading of Wix.com

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Wix.com by 98.0% during the 3rd quarter. Blue Trust Inc. now owns 198 shares of the information services provider’s stock valued at $31,000 after buying an additional 98 shares during the period. CWM LLC grew its position in Wix.com by 19.0% in the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 101 shares during the last quarter. Toronto Dominion Bank grew its position in Wix.com by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 124 shares during the last quarter. Advisors Asset Management Inc. grew its position in Wix.com by 112.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 246 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 130 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Wix.com by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,803 shares of the information services provider’s stock valued at $764,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.