WIX Stock Recent News

NEO, WIX and LNW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 9, 2024.

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WIX benefits from solid momentum in the Creative Subscriptions' and Business Solutions' segments.

Wix.com has quietly been making an impressive comeback. Though it rallied in 2023, Wix's story as a profitable growth business is still fresh.

With interest rates rising, it has become increasingly difficult for tech companies to grow using the growth-at-all-cost model. Investors are being very picky with the companies they invest in while punishing companies that show no discipline in their expenses.

Wix remains a volatile stock, but I argue for middle-of-the-road growth rates and profit targets to make it an attractive investment. Wix's near-term prospects include a versatile web development platform and recent developments in their specialized platform, Wix Studio. Despite intense competition, Wix is serving a growing market and has the potential for stable growth rates of 10% to 14% CAGR in 2024.

Wix.com has experienced a surge of 40.95% in its stock value over the last six months. The company has a substantial user base of 258 million and 4 million premium subscribers. Wix.com's improving profitability strategies and expanding business customer base presence make it an attractive investment option.

WIX collaborates with ISX Financial to improve the payment experience for both merchants and customers.

Wix.com WIX is witnessing healthy momentum this year so far. Shares of the company have gained 25.2% year to date compared with the S&P 500 composite's growth of 19.7%.

Stocks that crush their earnings estimates are supposed to go up. However, that's not always the case.