These Analysts Boost Their Forecasts On Wix.com After Upbeat Earnings
Wix.com Ltd WIX reported better-than-expected fiscal third-quarter 2024 results on Wednesday.
Wix Q3: Surpassing 'Rule Of 40' Ahead Of Schedule
Wix's stock has surged 60% YTD, driven by strong ARPS growth and operating leverage. I am assigning a new price target of $254, indicating a 21% upside. The company's Q3 FY24 revenue and earnings grew 13% and 52% YoY respectively, as user monetization remained robust with ongoing AI innovations in Wix Studio and the user onboarding process. Specifically, Wix's Partners business saw 30% YoY growth, fueled by higher-priced Studio subscriptions and deeper adoption of Business Solutions, particularly Wix Payments.
Why Wix.com Stock Jumped to a 3-Year High Today
Why Wix.com Stock Jumped to a 3-Year High Today
Wix.com Ltd. (WIX) Q3 2024 Earnings Call Transcript
Wix.com Ltd. (NASDAQ:WIX ) Q3 2024 Earnings Conference Call November 20, 2024 8:30 AM ET Company Participants Emily Liu - IR Avishai Abrahami - CEO and Co-Founder Nir Zohar - President and COO Lior Shemesh - CFO Conference Call Participants Trevor Young - Barclays Ygal Arounian - Citigroup Andrew Boone - JMP Securities Ken Wong - Oppenheimer & Company Elizabeth Porter - Morgan Stanley Bernie McTernan - Needham & Company Robert Coolbrith - Evercore ISI Clarke Jeffries - Piper Sandler Operator Good day and thank you for standing by.
WIX Q3 Earnings Beat Estimates on Higher Revenues, Shares Jump
WIX's Q3 2024 performance is driven by strong sales across the Creative Subscriptions and Business Solutions segments along with bookings momentum.
Wix.com (WIX) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Wix.com (WIX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Wix.com (WIX) Tops Q3 Earnings and Revenue Estimates
Wix.com (WIX) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.10 per share a year ago.
Stay Ahead of the Game With Wix.com (WIX) Q3 Earnings: Wall Street's Insights on Key Metrics
Get a deeper insight into the potential performance of Wix.com (WIX) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Wix Set to Report Q3 Earnings: Here's What Investors Should Know
WIX's Q3 performance is likely to benefit from the adoption of AI product offerings as well as WIX Studio.
Wall Street Analysts See Wix.com (WIX) as a Buy: Should You Invest?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Wix.com (WIX) Moves 6.5% Higher: Will This Strength Last?
Wix.com (WIX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Is Trending Stock Wix.com Ltd. (WIX) a Buy Now?
Zacks.com users have recently been watching Wix.com (WIX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
