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

Wix.com (NASDAQ:WIX) had its price target cut by investment analysts at Wells Fargo & Company from $176.00 to $137.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 45.92% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Oppenheimer cut their price target on shares of Wix.com from $160.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Morgan Stanley lowered their price objective on shares of Wix.com from $181.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wix.com in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Wix.com from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Zacks Research raised Wix.com from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.50.

Wix.com Trading Up 1.0%

Shares of WIX opened at $93.89 on Thursday. The company has a market cap of $5.27 billion, a PE ratio of 115.91, a price-to-earnings-growth ratio of 2.57 and a beta of 1.39. The stock has a 50-day moving average price of $83.03 and a 200-day moving average price of $115.76. Wix.com has a 12-month low of $60.22 and a 12-month high of $191.24.

Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, March 4th. The information services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.45. The company had revenue of $524.27 million for the quarter, compared to analysts’ expectations of $527.69 million. Wix.com had a net margin of 2.54% and a negative return on equity of 70.04%. Wix.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 earnings per share. As a group, analysts predict that Wix.com will post 3.65 earnings per share for the current year.

Wix.com declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 28th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the information services provider to purchase up to 40.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Wix.com

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. Westside Investment Management Inc. lifted its stake 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 worth $27,000 after purchasing an additional 77 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Wix.com during the fourth quarter valued at about $27,000. Geneos Wealth Management Inc. grew its stake in shares of Wix.com by 632.4% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after buying an additional 215 shares during the last quarter. Finally, Employees Retirement System of Texas increased its holdings in shares of Wix.com by 129.9% in the fourth quarter. Employees Retirement System of Texas now owns 446 shares of the information services provider’s stock worth $46,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Key Headlines Impacting 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

About Wix.com

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.