Wix.com Ltd. – Consensus indicates upside potential of 31.8%

Wix.com Ltd. found using the ticker (WIX) now have 14 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 130 and 68 with an average TP of 92.29. Now, with the previous closing price of 70.02, this would imply an upside potential of 31.8%. There is a 50-day moving average of 66.48 and the 200-day MA is 98.82. The company has a market capitalization of $3,683 million. More information at: https://www.wix.com

The potential market cap would be $4,854 million based on market consensus.

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Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that allows anyone to create a website or web application in North America, Europe, Latin America, Asia and internationally. The company offers Wix Editor, a visual development environment and drag-and-drop website editing platform; Wix ADI which allows users to create a website for their specific needs; and Corvid by Wix to build websites and web apps. It also provides Ascend by Wix, which offers its users access to a suite of around 20 products or features to help them connect with their customers, automate their work, and grow their business; Wix Logo Maker which allows users to generate a logo using artificial intelligence; Wix Answers, a support infrastructure allowing its users to help their users on different channels; and Wix Payments, a payment platform, which helps its users to receive payments from their users through their Wix website. Additionally, the company offers various specific vertical applications that business owners use to manage various aspects of their online business. Additionally, it provides a range of complementary services including App Market which offers its registered users the ability to install and uninstall a range of free and paid web applications; Wix Arena, an online marketplace that connects users seeking help building and managing a website with web experts; and Wix App, a native mobile app, which allows users to manage their websites and Wix operating systems. As of December 31, 2021, the company has approximately 222 million registered users and 6 million premium subscriptions. The company was previously known as Wexpress Ltd. Wix.com Ltd. was incorporated in 2006 and is headquartered in Tel Aviv, Israel.

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