Wix.Com Raises Its 2024 Outlook: Now Expects Total Bookings Of $1.802B-$1.822B (Prior $1.796B-$1.826B) And Revenue Of $1.747B-$1.761B (Prior $1.738B-$1.761B) Vs. $1.754B Consensus
Portfolio Pulse from Benzinga Newsdesk
Wix.com has raised its 2024 outlook, now expecting total bookings of $1.802B-$1.822B and revenue of $1.747B-$1.761B, reflecting strong product traction and business fundamentals. The company anticipates continued growth driven by Wix Studio, AI products, and an expanded commerce platform.
August 07, 2024 | 5:21 am
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Wix.com has updated its 2024 outlook, now expecting higher total bookings and revenue. The company attributes this to strong traction from key product initiatives, AI products, and an expanded commerce platform. This positive outlook suggests potential stock price appreciation in the short term.
The raised outlook for bookings and revenue, along with strong product traction and business fundamentals, indicates a positive short-term impact on Wix.com's stock price. Investors are likely to respond favorably to the improved financial guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100