It is not too yet too late to build a position in Wix.com Ltd (NASDAQ: WIX), says Mark Zgutowicz – a Benchmark analyst.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Wix stock could climb further to $175Copy link to sectionWix stock is up 10% this morning after beating Street estimates in its fiscal first quarter. But shares of the website creator could extend their rally all the way up to $175, as per Zgutowicz. His price objective suggests another ...

Wix.com (WIX) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.24%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $0.98 per share when it actually produced earnings of $1.22, delivering a surprise of 24.49%.Over the last four qua ...

Exhibit 99.1 Wix Reports First Quarter 2024 Results Record increase to FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration – now anticipating 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting Rule of 40 milestone already this year • Strong start to year with total bookings of $457.3 million, up 10% y/y driven by reacceleration of Creative Subscriptions growth • Total revenue of $419.8 million exceeded expectations, up 12% y/y driven by continued mom ...

Record increase to FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration – now anticipating 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting Rule of 40 milestone already this year Strong start to year with total bookings of $457.3 million, up 10% y/y driven by reacceleration of Creative Subscriptions growth Total revenue of $419.8 million exceeded expectations, up 12% y/y driven by continued momentum in the Partners business – reflecting market shar ...

Wix.com (WIX) introduced three new AI-based image enhancement and creation tools to assist users in improving, customizing, and personalizing visual content for their websites. These tools include the AI Image Creator, Object Eraser and AI Image Editor.The new AI-based tools complement Wix's existing suite of AI features. Customers can now leverage the Wix platform alongside the AI Website Builder to streamline the process of creating and managing their online presence. The AI Image Creator utilizes Stabili ...

Wix.com Ltd (WIX) is slated to report first-quarter 2024 results on May 20.The company expects first-quarter revenues to be between $415 million and $419 million, suggesting 11-12% growth from the prior-year quarter's reported figure. The Zacks Consensus Estimate is pegged at $417.7 million, indicating an increase of 11.7% from a year ago.The Zacks Consensus Estimate for earnings is pegged at $1.03 per share. The company reported earnings of 91 cents in the year-earlier quarter.WIX’s earnings beat the Zacks ...

The new AI-powered tools include a new image generator, an object eraser, and an image editor with the ability to add and replace objects, empowering users to level up their site's visual content NEW YORK, May 16, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today announced the launch of three new AI-powered image enhancement and creation tools to help users create and display high-quality images that impr ...

Analysts on Wall Street project that Wix.com (WIX) will announce quarterly earnings of $1.03 per share in its forthcoming report, representing an increase of 13.2% year over year. Revenues are projected to reach $417.71 million, increasing 11.7% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a company's earning ...

Wix.com (WIX) shares ended the last trading session 3.9% higher at $127.01. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.8% loss over the past four weeks.The increase in share price can be attributed to robust demand for the company’s diversified product portfolio. The average revenue per subscription is being driven by the shift to higher-tier packages, higher pricing and increased adoption and usage of busin ...

Wix.com Ltd. (WIX) recently launched the AI Portfolio Creator, a groundbreaking tool that leverages the power of artificial intelligence (AI) to aid users in crafting and showcasing an online professional portfolio.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. Users first need to select the type of portfolio they want. The AI Portfolio Creator swings into action once a ...