Wix.Com Ltd (NASDAQ:WIX) reported better-than-expected earnings for the third quarter on Wednesday.
The company posted quarterly earnings of $1.68 per share which beat the analyst consensus estimate of $1.47 per share. The company reported quarterly sales of $505.194 million which beat the analyst consensus estimate of $502.682 million.
Wix.com raised its FY2025 sales guidance from $1.975 billion-$2.000 billion to $1.990 billion-$2.000 billion.
“Our goal has always been to give people the power to access advanced technology without the barriers of complexity,” said Avishai Abrahami, Co-founder and CEO of Wix. “With Base44, we’re extending this mission by bringing the next generation of AI and natural-language development to applications. This is the next phase in the evolution of our commitment to democratizing technology, and I’m excited for what’s ahead.”
Wix.com shares rose 1.2% to $102.90 in pre-market trading.
These analysts made changes to their price targets on Wix.com following earnings announcement.
- Needham analyst Bernie McTernan maintained Wix.com with a Buy and lowered the price target from $200 to $140.
- Citizens analyst Andrew Boone maintained the stock with a Market Outperform and cut the price target from $210 to $185.
- Benchmark analyst Mark Zgutowicz maintained Wix.com with a Buy and lowered the price target from $230 to $185.
Considering buying WIX stock? Here’s what analysts think:

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