Royal Bank Of Canada Cuts Wix.com (NASDAQ:WIX) Price Target to $112.00

Wix.com (NASDAQ:WIX) had its target price lowered by Royal Bank Of Canada from $155.00 to $112.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the information services provider’s stock.

A number of other analysts have also weighed in on the company. Scotiabank dropped their price objective on Wix.com from $255.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 20th. Cantor Fitzgerald lifted their target price on shares of Wix.com from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Benchmark lowered their price objective on Wix.com from $185.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Needham & Company LLC reduced their target price on shares of Wix.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group lowered their price target on shares of Wix.com from $200.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.50.

Wix.com Trading Up 1.0%

Shares of NASDAQ:WIX opened at $93.89 on Thursday. The stock has a market capitalization of $5.27 billion, a P/E ratio of 115.91, a price-to-earnings-growth ratio of 2.60 and a beta of 1.39. The stock’s 50-day moving average price is $83.03 and its 200-day moving average price is $115.68. Wix.com has a 12-month low of $60.22 and a 12-month high of $191.24.

Wix.com (NASDAQ:WIX) last issued its earnings results on Wednesday, March 4th. The information services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $527.69 million. During the same period in the prior year, the business posted $2.10 EPS. Wix.com’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, research analysts predict that Wix.com will post 3.65 EPS for the current year.

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

Institutional Inflows and Outflows

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

Wix.com Company Profile

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.