Oppenheimer Reiterates Outperform Rating on Wix.com (WIX)

Oppenheimer analyst Ken Wong reiterated an Outperform rating and $250.00 price target on Wix.com (NASDAQ: WIX).

The analyst comments "Wix delivered solid 4Q results with bookings, revenue, and FCF ($464.6M/$460.5M/$133.7M) largely consistent with consensus estimates ($463M/$462M/$128M) driven by Studio, AI, Partners, pricing, and transactional strength (+23%). Partners continue to power growth (+29%), delivering 13% increase to ARPS and retention improvements to 106%. Higher revenue quality was offset by a decline in premium subscribers (72K) following the price increase and lapping B2B migrations from 2023. Wix introduced ex-Fx FY25 revenue and bookings guide, meeting investor expectations for mid-teens topline and low-teens bookings growth. FY25 FCF margin outlook (31-32% ex-Fx) was above consensus (28.5% margin). Management has proven their ability to execute, yet we expect some debate on the path to 2H bookings acceleration against a much tougher comp and no tangible catalyst (pricing)."

For an analyst ratings summary and ratings history on Wix.com click here. For more ratings news on Wix.com click here.

Shares of Wix.com closed at $227.78 yesterday.

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