Wix.com Ltd. – Consensus Indicates Potential 20.8% Upside

Broker Ratings

Wix.com Ltd. with ticker code (WIX) have now 15 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 120 and 78 calculating the mean target price we have 98.93. With the stocks previous close at 81.88 this now indicates there is a potential upside of 20.8%. The 50 day MA is 81.61 and the 200 day MA is 74.3. The company has a market capitalisation of $5,031m. Visit the company website at: https://www.wix.com

The potential market cap would be $6,079m based on the market concensus.

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Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs; and Corvid by Wix to create websites and web applications. It also provides Ascend by Wix, which offers its users access to a suite of approximately 20 products or features enabling them to connect with their customers, automate their work, and grow their business; Wix Logo Maker that allows users to generate a logo using artificial intelligence; Wix Answers, a support infrastructure enabling its users to help their users across various channels; and Wix Payments, a payment platform, which helps its users receive payments from their users through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online. Further, it provides a range of complementary services, including App Market that offers its registered users the ability to install and uninstall a range of free and paid web applications; Wix Arena, an online marketplace that brings users seeking help in creating and managing a website, together with Web experts; and Wix App, a native mobile application, which enables users to manage their Websites and Wix operating systems. As of December 31, 2021, the company had approximately 222 million registered users and 6 million premium subscriptions. The company was formerly known as Wixpress Ltd. Wix.com Ltd. was incorporated in 2006 and is headquartered in Tel Aviv, Israel.

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