Ultime notizie per Wix.com (NASDAQ:WIX) Azioni

Wix.com

Wix.com is a software-as-a-service content management system platform that allows users to create, customize, and manage websites for themselves, or for clients. Wix is best known for its Wix Editor service for self-creators, but in recent years has invested heavily and introduced its Wix Studio offering for partners, who are agencies and developers. Wix also offers a range of business solutions such as payment services and marketing products.

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Scopri i 5 titoli da seguire oggi, 7 agosto 2024, con un focus particolare su McKesson, Wix, Disney, Rivian e CVS.

Pre-market: 5 titoli da monitorare oggi, 7 agosto 2024

Wix.com Ltd

Investors with a lot of money to spend have taken a bearish stance on Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WIX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 22 options trades for Wix.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,000, and 21, calls, for a total amount of $1,955,876.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $200.0 for Wix.com during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Wix.com options trades today is 740.57 with a total volume of 10,648.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Wix.com's big money trades within a strike price range of $100.0 to $200.0 over the last 30 days.
<h3>Wix.com 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728408645_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$20.3</td>
<td>$19.7</td>
<td>$20.07</td>
<td>$140.00</td>
<td>$250.8K</td>
<td>1.6K</td>
<td>75</td>
</tr>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$19.6</td>
<td>$17.7</td>
<td>$19.02</td>
<td>$160.00</td>
<td>$226.7K</td>
<td>2.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$20.8</td>
<td>$19.1</td>
<td>$20.42</td>
<td>$160.00</td>
<td>$179.6K</td>
<td>2.8K</td>
<td>577</td>
</tr>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$11.5</td>
<td>$10.4</td>
<td>$10.7</td>
<td>$150.00</td>
<td>$156.2K</td>
<td>204</td>
<td>54</td>
</tr>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$20.4</td>
<td>$19.7</td>
<td>$20.1</td>
<td>$140.00</td>
<td>$132.6K</td>
<td>1.6K</td>
<td>334</td>
</tr>
</tbody>
</table>

<h3>About Wix.com</h3>
Wix.com is a software-as-a-service content management system platform that allows users to create, customize, and manage websites for themselves, or for clients. Wix is best known for its Wix Editor service for self-creators, but in recent years has invested heavily and introduced its Wix Studio offering for partners, who are agencies and developers. Wix also offers a range of business solutions such as payment services and marketing products.
Having examined the options trading patterns of Wix.com, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Wix.com Standing Right Now?</h3>
<ul>
<li>With a volume of 221,146, the price of WIX is up 0.3% at $158.55. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 30 days.</li>
</ul>
<h3>What The Experts Say On Wix.com</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $196.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $200. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Wix.com, which currently sits at a price target of $184. 
&#x2A; Showing optimism, an analyst from Piper Sandler upgrades its rating to Overweight with a revised price target of $200. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $200. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $200. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Wix.com with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Wix.com Unusual Options Activity

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Overweight and maintains $200 price target.

Price Target

Reiteration

Analyst Ratings

Cantor Fitzgerald Reiterates Overweight on Wix.com, Maintains $200 Price Target

Barclays analyst Trevor Young maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Overweight and lowers the price target from $186 to $184.

Barclays Maintains Overweight on Wix.com, Lowers Price Target to $184

Piper Sandler analyst Clarke Jeffries upgraded Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) from Neutral to Overweight and raised the <a target="_blank" href="https://www.benzinga.com/quote/WIX/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$184&nbsp;to&nbsp;$200</a>.
As the growthiest asset in the Web Builder space historically, Wix has undergone one of the most significant transformations over the past two years, expanding free cash flow margins by 28pts in two years while growth has remained stable, Jeffries noted.
When the analyst downgraded earlier this year, near-term upside seemed contingent on growth outcomes above and beyond what he was willing to model.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40218431/wixs-q2-earnings-revenue-and-profit-beat-strong-performance-in-partner-and-subscription-segments" rel="noreferrer noopener">Wix&#8217;s Q2 Earnings: Revenue And Profit Beat, Strong Performance in Partner And Subscription Segments</a>
The heart of that concern has stayed the same; Jeffries is still skeptical about some of the acceleration forecasted for the second half. However, from a valuation perspective, Wix stock today trades at parity to GoDaddy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) on calendar 2025 free cash flow, despite being a double-digit grower and presenting margin expansion potential beyond 2025, to the long-term free cash flow margin target of 35%.
Jeffries flagged that 2024 has been a tremendous year for Web Builders. The three public vendors in this space have outperformed the market year-to-date.
Profitability and returning capital have been the pillars of outperformance. However, with likely most stock tendered to the revised Squarespace, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQSP#NYSE">SQSP</a>) deal and such year-to-date solid performance, the analyst noted it&#8217;s an appropriate time to revisit his thesis on GoDaddy and Wix.
The analyst noted that both names are sitting today at ~$160, ~17 times calendar 2025 free cash flow, and demonstrating accelerating Bookings growth year-to-date. Looking to 2025, he noted the differentiator for stock performance will be the potential for improving growth and the horizon for continued margin improvements. Thus, he noted a more compelling ownership thesis for Wix at current levels.
Jeffries projected third-quarter revenue of $444.4 million and EPS of $1.70.
Since 2021, customer growth has been challenged in the Web Builders space, growing below trend as the industry digested much of the pull forward from COVID and stimulus years and a challenging economic backdrop in recent quarters, the analyst noted. However, he said that growth has not fallen as precipitously as customer growth due to pricing, which has ramped up in response to lower subscriber growth.
Looking ahead to 2025, Jeffries noted investors will be evaluating how much growth could come back to these models under normalized economic conditions. Under that scenario, the analyst noted Wix is the clear favorite, seen as the higher medium-term and terminal grower.
Price Action: WIX stock is up 2.45% at $164.58 at the last check Monday.
Photo via Company

Analyst Color

Upgrades

Movers

GDDY

SQSP

Wix Is Set for Growth With Expanding Margins and Cash Flow, Analyst Upgrades Stock

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Small Cap Consumer Research raised the price target for JAKKS Pacific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) from $24 to $30. Small Cap Consumer Research analyst Eric Beder maintained a Buy rating. JAKKS Pacific shares fell 1% to close at $25.88 on Friday. <a href="https://www.benzinga.com/quote/JAKK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen increased the price target for CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) from $115 to $130. TD Cowen analyst Andrew Charles maintained a Buy rating. CAVA shares gained 2.9% to close at $128.79 on Friday. <a href="https://www.benzinga.com/quote/cava/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc boosted CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) price target from $300 to $345. Keybanc analyst Jackson Ader maintained an Overweight rating. CrowdStrike shares gained 8.1% to close at $299.85 on Friday. <a href="https://www.benzinga.com/quote/crwd/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank raised The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) price target from $66 to $80. Deutsche Bank analyst Brian Bedell upgraded the stock from Hold to Buy. Bank of New York Mellon shares gained 0.1% to close at $71.82 on Friday. <a href="https://www.benzinga.com/quote/bk/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Benchmark raised Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) price target from $29 to $30. Benchmark analyst Daniel Kurnos maintained a Buy rating. Sinclair shares gained 4.3% to close at $14.67 on Friday. <a href="https://www.benzinga.com/quote/sbgi/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler boosted the price target for Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) from $184 to $200. Piper Sandler analyst Clarke Jeffries upgraded the stock from Neutral to Overweight. Wix.com fell 0.3% to close at $160.64 on Friday. <a href="https://www.benzinga.com/quote/wix/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird slashed Apellis Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) price target from $96 to $92. Baird analyst Colleen Kusy maintained an Outperform rating. Apellis Pharmaceuticals shares fell 11.5% to close at $32.51 on Friday. S<a href="https://www.benzinga.com/quote/apls/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted the price target for PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from $74 to $94. Deutsche Bank analyst Bryan Keane maintained a Buy rating. PayPal shares fell 1% to close at $76.76 on Friday. S<a href="https://www.benzinga.com/quote/pypl/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Baird increased Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) price target from $186 to $200. Baird analyst David Koning maintained an Outperform rating. Fiserv shares fell 0.7% to close at $177.61 on Friday.<a href="https://www.benzinga.com/quote/FI/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Loop Capital slashed FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) price target from $317 to $288. Loop Capital analyst Rick Paterson maintained a Hold rating. FedEx shares dipped 15.2% to close at $254.64 on Friday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying CRWD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="513" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-1024x513.png" alt="" class="wp-image-560927" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-1024x513.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177.png 1347w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

APLS

CAVA

CRWD

JAKK

PYPL

SBGI

CrowdStrike To Rally Over 15%? Here Are 10 Top Analyst Forecasts For Monday

Piper Sandler analyst Clarke Jeffries upgrades Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) from Neutral to Overweight and raises the price target from $184 to $200.

Piper Sandler Upgrades Wix.com to Overweight, Raises Price Target to $200

Designed to provide broad exposure to the Technology - Cloud Computing segment of the equity market, the WisdomTree Cloud Computing ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wcld#NASDAQ">WCLD</a>) is a passively managed exchange traded fund launched on 09/06/2019.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Cloud Computing is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.
<h2>Index Details</h2>
The fund is sponsored by Wisdomtree. It has amassed assets over $399.90 million, making it one of the average sized ETFs attempting to match the performance of the Technology - Cloud Computing segment of the equity market. WCLD seeks to match the performance of the BVP NASDAQ EMERGING CLOUD INDEX before fees and expenses.
The BVP Nasdaq Emerging Cloud Index is an equally weighted Index, designed to measure the performance of emerging public companies focused on delivering cloud-based software to customers.
<h2>Costs</h2>
Investors should also pay attention to an ETF&#39;s expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.45%, making it on par with most peer products in the space.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector--about 85.10% of the portfolio. Financials and Industrials round out the top three.
Looking at individual holdings, Q2 Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qtwo#NYSE">QTWO</a>) accounts for about 2.82% of total assets, followed by Squarespace Inc - Class A (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqsp#NYSE">SQSP</a>) and Wix.com Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wix#NASDAQ">WIX</a>).
The top 10 holdings account for about 21.75% of total assets under management.
<h2>Performance and Risk</h2>
So far this year, WCLD has lost about -11.13%, and is down about -0.06% in the last one year (as of 09/16/2024). During this past 52-week period, the fund has traded between $26.89 and $37.05.
The ETF has a beta of 1.11 and standard deviation of 39.89% for the trailing three-year period. With about 68 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
WisdomTree Cloud Computing ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, WCLD is an outstanding option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Global X Cloud Computing ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clou#NASDAQ">CLOU</a>) tracks INDXX GLOBAL CLOUD COMPUTING INDEX and the First Trust Cloud Computing ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyy#NASDAQ">SKYY</a>) tracks ISE Cloud Computing Index. Global X Cloud Computing ETF has $353.11 million in assets, First Trust Cloud Computing ETF has $2.90 billion. CLOU has an expense ratio of 0.68% and SKYY charges 0.60%.
<a href="https://www.zacks.com/stock/news/2336237/should-you-invest-in-the-wisdomtree-cloud-computing-etf-wcld?cid=CS-BENZ-FT-sector_etf-2336237">To read this article on Zacks.com click here.</a>

Equities

Large Cap

Mid Cap

Sector ETFs

Tech

ETFs

CLOU

QTWO

SKYY

WCLD

Should You Invest in the WisdomTree Cloud Computing ETF?

Wix.com Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wix#NASDAQ">WIX</a>) has launched its latest artificial intelligence Theme Assistant that provides users with personalized recommendations and real-time advice, allowing them to easily customize their website&#39;s theme. This tool is part of a broader suite of innovations from Wix aimed at supporting users throughout every phase of their online journey, from initial ideas to final execution.
As website designing becomes more complicated day by day, users frequently encounter difficulties aligning their choices with their vision. The AI Theme Assistant addresses this by offering conversational guidance throughout the design process, assisting with color palettes, fonts and themes, and even extracting colors from logos, added WIX.
AI Theme Assistant is integrated directly into the Wix Editor and it provides real-time suggestions and directs users to relevant areas in the Wix dashboard. By recommending features and advising on theme elements, the assistant simplifies design decisions, giving users control while enhancing their site&#39;s aesthetic.
Wix highlighted that integrating AI into web design adds significant value for its users. The theme assistant helps users achieve a cohesive and unified look for their websites, ensuring a consistent appearance throughout.
<h2>WIX to Gain From Product Line-Up Expansion</h2>
Wix&#39;s performance is being cushioned by higher adoption of the product portfolio, especially various AI products. WIX is also embedding AI assistants across its platform and has released 17 AI business assistants so far.
It continues to add new products to gain on the AI boom. In July 2024, Wix unveiled a new suite of AI-powered tools aimed at streamlining content creation. These tools are designed to suggest relevant blog topics, generate content and create images tailored to the target audience. This new feature allows users to quickly transform ideas into almost-ready articles, cutting down on the time and effort needed to produce engaging content.
In June 2024, the company launched advanced AI creation capabilities for its mobile app builder. The initiative is set to empower users to effortlessly craft professional and fully customizable applications. In the same month, the company also extended the availability of its AI Website Builder in different languages. Apart from English, AI Website Builder is now available to global users in French, German, Portuguese, Spanish, Italian, Japanese, Turkish and Korean languages. The initiative aids users in building websites in their preferred language.
Additionally, it launched the AI Portfolio Creator, a groundbreaking tool that leverages the power of AI to aid users in crafting and showcasing an online professional portfolio in May 2024. The AI Portfolio Creator effectively streamlines the portfolio creation experience by allowing users to smoothly upload and organize large-scale image collections with just a few clicks.
<div class="chart_embed">
<h3>Wix.com Ltd. Price and Consensus</h3>
<img alt="Wix.com Ltd. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/06/1726232794.png" style="height:265px; width:585px" title="" />
Wix.com Ltd. price-consensus-chart | Wix.com Ltd. Quote
</div>
WIX is focusing on generative AI as it represents a significant business growth driver. In the second quarter of 2024, bookings revenues came at $458.4 million. This 15% year-over-year improvement was driven by solid uptake of WIX Studio, AI product suite and expanding commerce platform in this quarter. The expansion of the AI product portfolio is expected to drive the top line for WIX and further boost the stock.
<h2>WIX&#39;s Zacks Rank &amp; Stock Price Performance</h2>
WIX currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 64.1% in the past year compared with the sub-industry&#39;s growth of 20.6%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ae/77706.jpg?v=727942298" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader technology space are Unisys Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uis#NYSE">UIS</a>), ANSYS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>) and Adobe Inc.&nbsp;UIS presently sports a Zacks Rank #1 (Strong Buy), whereas ANSS &amp; ADBE carry a Zacks Rank #2 (Buy).
Unisys Corporation delivered an earnings surprise of 87.7%, on average, in the trailing four quarters. In the last reported quarter, UIS pulled off an earnings surprise of 143.2%. It has a long-term earnings growth expectation of 15%.
ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.
Adobe delivered an earnings surprise of 2.7%, on average, in the trailing four quarters. In the last reported quarter, ADBE pulled off an earnings surprise of 2.1%. It has a long-term earnings growth expectation of 13%.
<a href="https://www.zacks.com/stock/news/2335943/will-wix-s-efforts-to-expand-ai-product-line-up-boost-its-stock?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2335943">To read this article on Zacks.com click here.</a>

Small Cap

ANSS

Will WIX's Efforts to Expand AI Product Line-Up Boost its Stock?

Cantor Fitzgerald analyst Deepak Mathivanan initiates coverage on Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Overweight rating and announces Price Target of $200.

Initiation

Cantor Fitzgerald Initiates Coverage On Wix.com with Overweight Rating, Announces Price Target of $200

Wix.com&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wix#NASDAQ">WIX</a>) shares have been performing well on the trading front, with a gain of 32.5% year to date compared with the S&amp;P 500 composite and sub-industry&#39;s growth of 16.2% and 1.8%, respectively.
The stock has gained 4.2% since announcing solid second-quarter 2024 results on Aug 7. The stock is still trading 8.7% below its 52-week high of $178.65, which makes it relatively affordable for investors.
Headquartered in Tel Aviv, Israel and founded in 2006, WIX is a cloud-based web development platform. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow the companies&#39; online presence.
The company&#39;s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with the average surprise being 29.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/36/74490.jpg?v=1273220810" />
Image Source: Zacks Investment Research
<h3>WIX Studio &amp; AI Strategy Propelling Growth</h3>
Increasing adoption of the product portfolio, especially various AI products and WIX Studio, has been driving WIX&#39;s performance. The addition of new features and enhancements to WIX Studio is driving its uptake. Management highlighted that the number of Studio accounts and rate of new Partners joining the Wix platform through Studio continues to better expectations.
The addition of new AI-powered offerings to its product portfolio is another tailwind. WIX is also focusing on embedding AI assistants across its platform and has released 17 AI business assistants so far.
In June 2024, Wix launched advanced AI creation capabilities for its mobile app builder. The initiative is set to empower users to effortlessly craft professional and fully customizable applications. By leveraging AI technology, it revolutionizes the way business apps for iOS and Android can be designed and altered.
The company also expanded the availability of its AI Website Builder in different languages. Besides English, AI Website Builder is now available to global users in French, German, Portuguese, Spanish, Italian, Japanese, Turkish and Korean. This initiative aids users in building websites in their preferred language.
WIX&#39;s second-quarter total revenues increased 12% year over year to $435.7 million and beat the Zacks Consensus Estimate of $433.6 million. Bookings of $458.4 million improved 15% year over year. Creative Subscriptions&#39; bookings increased 12% year over year to $329 million. Business Solutions&#39; bookings rose 24% to $129.4 million.
Partners revenues in the second quarter were $148.4 million, or 34% of total revenues, up 29% year over year. The increase was driven by market share gains resulting from the onboarding of new agencies and freelancers.
<h3>Outlook Revised</h3>
Continued strong momentum in the first half of 2024 led WIX to upgrade the outlook for bookings, revenues and free cash flow for the year.
Total bookings are expected between $1,802 million and $1,822 million, compared with a previous range of $1,796-$1,826 million.
Total revenues are now expected to be in the range of $1,747-$1,761 million (previous projection:&nbsp; $1,738 million to $1,761 million).
Free cash flow, excluding headquarters costs, is expected between $460 million and $470 million, or 26-27% of revenues in 2024. Earlier, free cash flow was expected in the range of $445-$455 million, or 26% of revenues.
<h3>Estimates Moving North</h3>
The estimates have also moved northward in the past 60 days. The Zacks Consensus Estimate for 2024 and 2025 earnings per share has increased 7.3% and 2.4%, respectively, reflecting analysts&#39; optimism.
The estimated figures for 2024 and 2025 EPS, $5.86 and $6.93, indicate a rise of 33.5% and 18.3%, respectively, from the prior-year actuals. The long-term earnings growth rate is 22.4%.
The Zacks Consensus Estimate for WIX&#39;s 2024 and 2025 revenues is pegged at $1.75 billion and $1.99 billion, respectively, which indicates growth of 12.4% and 13.2% from the year-ago levels.
<h3>Headwinds Persist</h3>
However, unfavorable foreign currency movement and weak global macroeconomic conditions are headwinds.
Increasing investments in product development, infrastructure and platform, along with stiff competition in the e-commerce marketplace, remain concerns for this Zacks Rank #3 (Hold) stock.
<h3>Stocks to Consider</h3>
Some better-ranked stocks worth consideration in the broader technology space are Badger Meter (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>), Manhattan Associates (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manh#NASDAQ">MANH</a>) and ANSYS (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>). Badger Meter and Manhattan Associates sport a Zacks Rank #1 (Strong Buy) each, while ANSYS carries a Zacks Rank #2 (Buy), at present.
The Zacks Consensus Estimate for Badger Meter&#39;s 2024 EPS is pegged at $4.06, up 4.4% in the past 30 days. BMI&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 12.9%. The long-term earnings growth rate is 17.9%. Its shares have risen 26.1% in the past year.
The Zacks Consensus Estimate for ANSS&#39; 2024 earnings is pegged at $9.72, up 3.7% in the past 30 days. ANSS&#39; earnings beat the Zacks Consensus Estimate in three of the last four quarters while missing once, with the average surprise being 4.8%. Its shares have risen 12.1% in the past year.
The Zacks Consensus Estimate for MANH&#39;s 2024 EPS is pegged at $4.26. MANH&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 26.6%. The stock has surged 37.7% in the past year.
<a href="https://www.zacks.com/stock/news/2323236/wix-stock-soars-33-year-to-date-will-the-rally-continue?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2323236">To read this article on Zacks.com click here.</a>

Earnings Beats

Offerings

Management

MANH

WIX Stock Soars 33% Year to Date: Will the Rally Continue?

Piper Sandler analyst Clarke Jeffries maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Neutral and maintains $184 price target.

Piper Sandler Maintains Neutral on Wix.com, Maintains $184 Price Target

Barclays analyst Trevor Young maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Overweight and raises the price target from $184 to $186.

Barclays Maintains Overweight on Wix.com, Raises Price Target to $186

Benchmark analyst Mark Zgutowicz maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Buy and raises the price target from $210 to $225.

Benchmark Maintains Buy on Wix.com, Raises Price Target to $225

UBS analyst Chris Zhang maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Buy and raises the price target from $200 to $205.

UBS Maintains Buy on Wix.com, Raises Price Target to $205

Needham analyst Bernie McTernan maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Buy and raises the price target from $190 to $200.

Needham Maintains Buy on Wix.com, Raises Price Target to $200

WIIM

Wix.com shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance.

Wix.com Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) reported its&nbsp;fiscal second-quarter 2024 results.&nbsp;Revenue grew 12%&nbsp;year over year&nbsp;to $435.7 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40210405/wix-reports-second-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $433.8 million</a>.&nbsp;Adjusted EPS of $1.67 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.35</a>.
Partners revenue&nbsp;in the&nbsp;quarter&nbsp;was&nbsp;$148.4 million, up&nbsp;29%&nbsp;Y/Y.
Segments: Creative Subscription revenue increased 9%&nbsp;Y/Y&nbsp;to $312.1 million.&nbsp;The Creative Subscriptions bookings&nbsp;climbed 12%&nbsp;Y/Y&nbsp;to $329.0 million.&nbsp;Creative Subscriptions ARR was $1.28 billion, up 10%&nbsp;Y/Y.
Business&nbsp;Solutions'&nbsp;revenue rose 20%&nbsp;year over year&nbsp;to $123.6 million, and bookings jumped 24%&nbsp;year over year&nbsp;to $129.4 million.&nbsp;
The adjusted gross margin remained firm at 68%. Wix.com generated $120.0 million in operating cash flow and held $788.4 million in cash and cash equivalents&nbsp;as of June-end.
Avishai Abrahami, Wix Co-founder and CEO: "We made incredible strides towards our key growth pillars and drove significant bookings growth acceleration this quarter.&nbsp; First, Wix Studio continued to outperform expectations, as Studio subscription purchases accelerated, retention remained strong and the number of Studio accounts purchasing multiple subscriptions ramped. We also continued to execute against our AI strategy with the release of 17 AI business assistants so far this year."
Outlook: Wix.com expects fiscal 2024 revenue of $1.747&nbsp;billion—$1.761 billion (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38917866/website-creator-wix-gains-after-q1-print-whats-going-on" rel="noreferrer noopener">prior</a><a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38917866/website-creator-wix-gains-after-q1-print-whats-going-on" rel="noreferrer noopener"> </a><a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38917866/website-creator-wix-gains-after-q1-print-whats-going-on" rel="noreferrer noopener">$1.738 billion—$1.761 billion</a>) vs. the consensus of $1.75 billion. Wix.com projects 2024 bookings of &nbsp;$1.802 billion—$1.822 billion (prior $1.796&nbsp;billion—$1.826 billion).
The company expects to generate free cash flow, excluding headquarters costs, of $460&nbsp;million–$470 million (prior $445&nbsp;million–$455 million).
Wix.com expects third-quarter revenue of $440&nbsp;million–$445 million versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus $443.12 million</a>.
Price Action: WIX shares are up 4.74% at $164.50 premarket at the last check on Wednesday.
Photo via Company

Guidance

Wix's Q2 Earnings: Revenue And Profit Beat, Strong Performance in Partner And Subscription Segments

Needham analyst Bernie McTernan reiterates Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Buy and maintains $190 price target.

Needham Reiterates Buy on Wix.com, Maintains $190 Price Target

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Barclays analyst Trevor Young maintained a Buy rating on Wix (WIX – Research Report) today and set a price target of $184.00. The company's shares ...

Wix (WIX) Receives a Buy from Barclays

In a report released today, Mark Zgutowicz from Benchmark Co. reiterated a Buy rating on Wix (WIX – Research Report), with a price target of $225.0...

Benchmark Co. Sticks to Their Buy Rating for Wix (WIX)

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Press Releases

Wix Announces Board Authorization of $200 Million Share Repurchase Program

Wix to Announce Second Quarter 2024 Results on August 7, 2024

Wix Releases Comprehensive Suite of AI-Powered Tools for Ideation and Creation of Blogs

Contracts

Wix and Google Expand Strategic Partnership to Offer Wix Users Gemini for Workspace

Wix Reports Second Quarter 2024 Results

Fintech

Moneris extends partnership with Wix to offer all-in-one payments solution to power Canadian businesses

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