Wix shares have dropped about 57% over the past year, reaching a 10-year low valuation, but Jefferies maintains a 'Buy' rating citing improving partner demand and growing traction in AI products like Base44 and Harmony. A survey showed 70% of web-building partners reported better demand and 80% saw improved conversion rates. Wix Studio now accounts for 45% of partner projects, and Base44 has surpassed $100 million in annual recurring revenue, signaling strong AI adoption. Investors will watch Q1 earnings for bookings growth, cash flow, and AI monetization updates, with Jefferies forecasting 14.3% revenue growth and 14% operating margins for 2026.
Wix.com Ltd. announced it will report its second quarter 2026 financial results on August 4, before the market opens. The company will hold a conference call at 8:30 a.m. ET the same day to discuss the results and answer questions. Investors can acce...
UK retail sales showed improvement in June, driven by stronger demand for non-food items and increased online shopping. Analysts at Citi highlighted that retailers like Currys, Tesco, and Kingfisher are set to benefit from this trend, especially in e...
Pomerantz LLP is investigating Wix.com Ltd. following the company's Q1 2026 earnings report, which showed revenue and earnings below expectations and a sharp drop in operating margins. Wix attributed the poor results to issues with its professional d...
Wix is considered a solid buy due to its self-serve, low-cost model and in-house AI tools that position it well amid evolving market trends. The company’s aggressive 30% stock buyback at $92 per share suggests strong management confidence, even thoug...
