Why Wix.com Stock Jumped to a 3-Year High Today [Yahoo! Finance]
Wix.com Ltd. - Ordinary Shares (WIX)
Last wix.com ltd. - ordinary shares earnings: 2/20 01:00 am
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US:NASDAQ Investor Relations:
investors.wix.com/investor-relations/overview/default.aspx
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Source: Yahoo! Finance
As of 10:50 a.m. ET, Wix stock was up nearly 14% and topped $200 per share for the first time since late 2021. In Q3, Wix generated more revenue than analysts had expected as well as higher profits. It turns out that the company's generative artificial intelligence (AI) is helping onboard more customers to create websites and adopt other software products. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » With adoption of its products rising, Wix's management took the opportunity to raise its full-year guidance for multiple metrics after just raising them in the previous quarter. The company previously expected full-year revenue growth of 13% to 14% but now expects 14% to 15% growth. And it also expects a free-cash-flow margin of 27% to 28%, up from its previous guidance of a 26% to 27% margin. In short, it was what investors call a "beat-and-raise" quarter for Wix. And when this happens, stocks
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WIX
News
- Wix.com Ltd. (NASDAQ: WIX) 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.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) 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.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) 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.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) 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.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) 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.MarketBeat
WIX
Earnings
- 11/20/24 - Miss
WIX
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- WIX's page on the SEC website