Wix.com (NASDAQ:WIX) Price Target Lowered to $59.00 at Citigroup

Wix.com (NASDAQ:WIX) had its price target cut by research analysts at Citigroup from $66.00 to $59.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the information services provider’s stock. Citigroup’s price target would suggest a potential upside of 22.36% from the stock’s current price.

A number of other analysts have also commented on WIX. Raymond James Financial reissued a “strong-buy” rating and issued a $100.00 price objective on shares of Wix.com in a research report on Wednesday, March 4th. Robert W. Baird cut Wix.com from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $115.00 to $90.00 in a report on Monday, March 9th. Wells Fargo & Company set a $47.00 target price on Wix.com in a report on Tuesday. Scotiabank decreased their price target on Wix.com from $110.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, Barclays dropped their price objective on Wix.com from $155.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.45.

Wix.com Stock Up 0.0%

Shares of NASDAQ:WIX traded up $0.01 during midday trading on Tuesday, reaching $48.22. 320,901 shares of the company were exchanged, compared to its average volume of 2,497,989. The firm has a market cap of $2.81 billion, a PE ratio of -62.05 and a beta of 0.92. Wix.com has a fifty-two week low of $46.90 and a fifty-two week high of $190.93. The stock has a fifty day simple moving average of $68.23 and a two-hundred day simple moving average of $81.95.

Wix.com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, May 13th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.53). The firm had revenue of $541.17 million during the quarter, compared to analyst estimates of $544.04 million. Wix.com had a negative net margin of 1.97% and a negative return on equity of 33.28%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.69 EPS. As a group, analysts forecast that Wix.com will post -0.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Wix.com during the 4th quarter worth $4,087,000. Intech Investment Management LLC acquired a new position in shares of Wix.com in the third quarter valued at about $6,179,000. Dream Peak Capital Ltd bought a new position in Wix.com during the fourth quarter worth about $1,500,000. Massachusetts Financial Services Co. MA increased its position in Wix.com by 70.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 520,633 shares of the information services provider’s stock worth $54,089,000 after acquiring an additional 214,864 shares during the period. Finally, Lakehouse Capital Pty Ltd raised its stake in Wix.com by 43.1% in the 3rd quarter. Lakehouse Capital Pty Ltd now owns 108,480 shares of the information services provider’s stock worth $19,269,000 after purchasing an additional 32,686 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Key Stories Impacting Wix.com

Here are the key news stories impacting Wix.com this week:

• Positive Sentiment: Some commentary argues the stock may be oversold after the sharp selloff, pointing to Wix’s prior Q1 growth in revenue and bookings as a potential long-term support factor. Here is Why Wix.com (WIX) is One of the Oversold Stocks to Buy Right Now
• Neutral Sentiment: Several law firms announced or continued investigations into possible securities law violations after Wix’s May 13 earnings update and subsequent stock drop. These notices do not change fundamentals directly, but they add legal overhang and keep investor attention on the company’s prior disclosures. Securities Fraud Investigation Into Wix.com Ltd. (WIX) Continues
• Neutral Sentiment: One article framed the decline as a reaction to a weaker revenue/bookings outlook and broader AI-related concerns, suggesting the market is reassessing Wix’s growth profile and competitive positioning. WIX Stock Drops To Lowest Levels Since January 2017
• Negative Sentiment: Wix cut its 2026 guidance and announced major layoffs/restructuring, which signals weaker expected growth and has been the main driver behind the stock’s recent move lower. Wix.com Slashes 20% of Staff, Lowers Outlook as Restructuring Continues
• Negative Sentiment: Market commentary says Wix shares have fallen to fresh 52-week lows, with investors worried about the impact of layoffs, the lowered outlook, and whether AI will further pressure the company’s core web-building business. Wix Hits 52-Week Lows As Earnings Miss, Mass Layoffs, And AI Fears Pile On

Wix.com Company Profile

Wix.com Ltd. operates a cloud-based platform that enables individuals and businesses to create, manage and develop professional web presences through an intuitive drag-and-drop interface. The company’s software-as-a-service model provides hosting, customizable templates and a range of design tools, eliminating the need for coding expertise. Users can choose from a variety of premium plans to access custom domains, enhanced storage, and advanced performance features tailored to personal projects, small businesses and online storefronts.

Beyond its core website builder, Wix offers a suite of complementary services designed to support digital growth and marketing.