Wix.com Targets 13% Revenue Growth by 2025: What Analysts Are Saying About Its Upside Potential?
Portfolio Pulse from Anusuya Lahiri
Analysts from JMP Securities and Benchmark reiterated their positive outlook on Wix.com Ltd (NASDAQ:WIX), with a price target of $130. They believe Wix can sustain low-teens growth driven by Partners and see potential for increased efficiency with AI integration. Wix's management is confident in achieving FY25 targets and expects GAAP operating profitability by the second half of FY24. Wix shares are currently trading higher by 1.64%.
September 06, 2023 | 5:20 pm
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POSITIVE IMPACT
Analysts maintain a positive outlook on Wix.com Ltd (NASDAQ:WIX) with a price target of $130. The company's shares are trading higher.
The positive outlook from analysts and the company's confidence in achieving its FY25 targets are likely to boost investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100