Wix.Com's FCF Trajectory To Reach $500M By FY25 Amid Revenue Growth: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Wix.Com Ltd. (NASDAQ:WIX), raising the price target to $130 from $120. This follows Wix's announcement of an increase in its '25 FCF margin target to 25% from 20%. The company's FY25 FCF is expected to reach ~$500 million, with revenue growth remaining at current levels (+~13%). Wix's shares are currently trading lower by 2.25% to $90.01.
August 11, 2023 | 7:48 pm
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Wix.Com Ltd. has received a reiterated Buy rating from Benchmark analyst Mark Zgutowicz, with a raised price target of $130. The company's FY25 FCF is expected to reach ~$500 million, with revenue growth remaining at current levels (+~13%).
The reiterated Buy rating and raised price target indicate positive sentiment from the analyst, which could potentially attract more investors. The company's projected FCF and revenue growth also suggest strong financial performance, which could further boost investor confidence. However, the current trading price is lower, which might indicate market skepticism or other factors not covered in the news.
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