Wells Fargo & Company Cuts Wix.com (NASDAQ:WIX) Price Target to $137.00

Wix.com (NASDAQ:WIX) had its price objective reduced by Wells Fargo & Company from $176.00 to $137.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

A number of other research analysts have also weighed in on the company. Raymond James Financial reissued a “strong-buy” rating and issued a $100.00 price objective on shares of Wix.com in a report on Wednesday. Cantor Fitzgerald lifted their target price on Wix.com from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Scotiabank dropped their target price on Wix.com from $175.00 to $125.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Needham & Company LLC cut their price target on shares of Wix.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada reduced their price target 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. Two 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.50.

Wix.com Price Performance

Shares of WIX opened at $93.89 on Thursday. The company’s fifty day moving average price is $83.03 and its 200-day moving average price is $115.68. Wix.com has a 1-year low of $60.22 and a 1-year high of $191.24. The firm has a market capitalization of $5.27 billion, a PE ratio of 115.91, a price-to-earnings-growth ratio of 2.60 and a beta of 1.39.

Wix.com (NASDAQ:WIX) last issued its earnings results on Wednesday, March 4th. The information services provider reported $1.81 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $527.69 million. During the same quarter last year, the business posted $2.10 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, research analysts anticipate that Wix.com will post 3.65 EPS for the current fiscal year.

Wix.com declared that its board has authorized a share buyback 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 buy up to 40.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Wix.com

A number of hedge funds have recently modified their holdings of WIX. Farther Finance Advisors LLC grew its holdings in Wix.com by 122.2% during the fourth quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock worth $25,000 after acquiring an additional 132 shares during the period. Westside Investment Management Inc. lifted its holdings in Wix.com by 100.0% in the third quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 77 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Wix.com in the 4th quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its position in Wix.com by 632.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. Finally, Employees Retirement System of Texas grew its stake in shares of Wix.com by 129.9% during the 4th quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock worth $46,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Trending Headlines about Wix.com

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.