Barclays Cuts Wix.com (NASDAQ:WIX) Price Target to $160.00

Wix.com (NASDAQ:WIX) had its price objective trimmed by Barclays from $205.00 to $160.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the information services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Scotiabank lowered their price target on shares of Wix.com from $175.00 to $125.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada cut their price objective on shares of Wix.com from $155.00 to $112.00 and set an “outperform” rating for the company in a research report on Thursday. Benchmark reduced their target price on shares of Wix.com from $185.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Bank of America decreased their target price on shares of Wix.com from $210.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, Wells Fargo & Company cut their price target on shares of Wix.com from $184.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Wix.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.50.

Wix.com Stock Performance

Shares of Wix.com stock opened at $93.89 on Thursday. Wix.com has a one year low of $60.22 and a one year high of $191.24. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 115.91, a PEG ratio of 2.60 and a beta of 1.39. The business’s 50 day moving average price is $83.03 and its 200 day moving average price is $115.68.

Wix.com (NASDAQ:WIX) last released its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.45. Wix.com had a negative return on equity of 70.04% and a net margin of 2.54%.The company had revenue of $524.27 million for the quarter, compared to analyst estimates of $527.69 million. During the same quarter in the previous year, the company posted $2.10 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts predict that Wix.com will post 3.65 EPS for the current fiscal year.

Wix.com announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the information services provider to purchase up to 40.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Avory & Company LLC purchased a new stake in shares of Wix.com in the 4th quarter valued at approximately $359,000. Corient Private Wealth LLC boosted its position in shares of Wix.com by 43.3% during the 4th quarter. Corient Private Wealth LLC now owns 6,541 shares of the information services provider’s stock worth $680,000 after purchasing an additional 1,978 shares during the period. Alberta Investment Management Corp acquired a new stake in Wix.com in the 4th quarter valued at approximately $1,039,000. Mackenzie Financial Corp increased its holdings in Wix.com by 61.2% in the 4th quarter. Mackenzie Financial Corp now owns 16,773 shares of the information services provider’s stock valued at $1,731,000 after purchasing an additional 6,366 shares during the last quarter. Finally, Sphera Management Technology Funds Ltd raised its position in Wix.com by 92.3% in the fourth quarter. Sphera Management Technology Funds Ltd now owns 25,000 shares of the information services provider’s stock valued at $2,597,000 after purchasing an additional 12,000 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

More Wix.com News

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: Wix announced a modified Dutch‑auction tender offer to repurchase up to $1.75 billion of its ordinary shares at $80–$92 per share; the buyback reduces float and creates immediate buying demand, which explains much of the intraday upside. GlobeNewswire Release
• Neutral Sentiment: Q4 results were mixed: Wix beat on EPS ($1.81 vs. $1.36 est.) but revenue was roughly in line / slightly under consensus and margins remain thin; management highlighted AI initiatives, recent M&A and product launches as growth drivers — these items support longer‑term conviction but are partly priced in. Earnings Highlights
• Negative Sentiment: Multiple brokerages trimmed price targets today (Citigroup 150→105, Wells Fargo 176→137, RBC 155→112, Barclays 205→160, Scotiabank 175→125, Needham 140→115). While most maintain Buy/Overweight/Outperform ratings, the cuts signal more cautious near‑term expectations and may limit upside despite the buyback. Benzinga coverage

About Wix.com

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.