These Analysts Revise Their Forecasts On Wix.com Following Q2 Results

Benzinga
Aug 08

Wix.com Ltd. (NASDAQ:WIX) reported better-than-expected second-quarter adjusted EPS and sales on Wednesday.

The quarterly revenue grew 12% year-over-year (Y/Y) to $489.93 million, topping the analyst consensus estimate of $487.47 million. Adjusted EPS of $2.28 beat the analyst consensus estimate of $1.74.

"Our strong first-half performance reinforces our confidence in accelerating growth throughout the remainder of 2025, supported by a stable and positive macroeconomic environment. Strong momentum in the core Wix business, driven by new cohort outperformance, is further bolstered by our entry into a new rapidly-growing TAM through our recent acquisition of Base44," the company said in a press release.

Wix.com revised its fiscal 2025 revenue outlook to $1.975 billion-$2.000 billion (prior $1.97 billion-$2.00 billion)versus the analyst consensus estimate of $1.987 billion and bookings of $2.040 billion-$2.075 billion(prior $2.03 billion-$2.06 billion).

Wix.com expects third-quarter fiscal 2025 revenue of $498.00 million-$504.00 million versus the analyst consensus estimate of $502.33 million.

Wix.com shares gained 6.5% to $136.79 on Thursday.

These analysts made changes to their price targets on Wix.com following earnings announcement.

  • Needham analyst Bernie McTernan maintained Wix.com with a Buy and lowered the price target from $250 to $200.
  • Raymond James analyst Josh Beck maintained the stock with a Strong Buy and lowered the price target from $250 to $200.
  • Barclays analyst Trevor Young maintained Wix.com with an Overweight rating and lowered the price target from $240 to $235.
  • UBS analyst Chris Zhang maintained Wix.com with a Buy and lowered the price target from $230 to $200.
  • Scotiabank analyst Nat Schindler maintained the stock with a Sector Outperform and raised the price target from $250 to $255.

Considering buying WIX stock? Here’s what analysts think:

Read This Next:

  • Top 2 Tech Stocks That May Keep You Up At Night In Q3

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10