Wix.com: Bookings Acceleration Highlights This Tremendous Value Play
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Wix.com reported strong Q4 earnings with accelerating revenue and bookings growth, alongside significant free cash flow expansion. Despite these positive results, Wix's stock price fell post-earnings. The company is focusing on larger customers and reseller partnerships, achieving double-digit bookings growth and a 106% net revenue retention rate. A buy rating is reiterated with a $257 price target.
February 21, 2025 | 9:45 am
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Wix.com reported strong Q4 earnings with accelerating revenue and bookings growth, but shares fell post-earnings. The company is focusing on larger customers and reseller partnerships, achieving double-digit bookings growth and a 106% net revenue retention rate. A buy rating is reiterated with a $257 price target.
Despite strong earnings and growth metrics, Wix's stock fell, possibly due to market expectations or broader market conditions. The company's strategic focus on larger customers and partnerships is expected to drive future growth, supporting a positive outlook and a reiterated buy rating with a $257 price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100