Investment Analysts’ Recent Ratings Updates for Wix.com (WIX)

A number of firms have modified their ratings and price targets on shares of Wix.com (NASDAQ: WIX) recently:

• 1/21/2025 – Wix.com was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $300.00 price target on the stock, up previously from $225.00.
• 1/13/2025 – Wix.com was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $276.00 price target on the stock, up previously from $248.00.
• 1/6/2025 – Wix.com had its price target raised by analysts at Jefferies Financial Group Inc. from $225.00 to $260.00. They now have a “buy” rating on the stock.
• 1/3/2025 – Wix.com had its price target raised by analysts at Citigroup Inc. from $260.00 to $270.00. They now have a “buy” rating on the stock.
• 11/25/2024 – Wix.com had its price target raised by analysts at Robert W. Baird from $175.00 to $215.00. They now have a “neutral” rating on the stock.

Wix.com Stock Performance

Wix.com stock opened at $236.56 on Friday. The firm has a 50 day moving average price of $219.71 and a 200 day moving average price of $183.07. Wix.com Ltd. has a fifty-two week low of $117.58 and a fifty-two week high of $246.82. The company has a market capitalization of $12.97 billion, a PE ratio of 147.85, a price-to-earnings-growth ratio of 2.66 and a beta of 1.56.

Hedge Funds Weigh In On Wix.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in Wix.com by 28.3% in the fourth quarter. Blue Trust Inc. now owns 254 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 56 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Wix.com by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,338 shares of the information services provider’s stock valued at $502,000 after purchasing an additional 63 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Wix.com by 79.5% in the 4th quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 89 shares in the last quarter. CWM LLC lifted its position in shares of Wix.com by 19.0% during the 3rd quarter. CWM LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 101 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Wix.com by 19.0% during the second quarter. Toronto Dominion Bank now owns 778 shares of the information services provider’s stock worth $124,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.