Baird Upgrades Wix.com (WIX) Stock, Cuts PT
From Yahoo Finance: 2025-05-24 03:59:00
Baird analyst upgraded Wix.com Ltd. (NASDAQ:WIX) stock to “Outperform” with a price target of $190, down from $215. The company’s product offerings are compelling, leading to the positive outlook. The recent sell-off presents a strong entry point for investors due to the company’s high-quality business and improved product lineup.
Wix.com Ltd. (NASDAQ:WIX) showcased healthy Q1 2025 results driven by product innovation and growth initiatives. The company expects new cohort strength to fuel top-line growth acceleration in the second half of 2025. Baird remains optimistic about the potential for improved conversion, retention, and monetization over time.
Wix.com Ltd. (NASDAQ:WIX) operates a cloud-based web development platform for users and creators. While there is growth potential for WIX, some AI stocks may offer higher returns with limited downside risk. Investors seeking AI stocks with 100x upside potential can explore other options, as per a report mentioned in the article.
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