Needham & Company LLC Has Lowered Expectations for Wix.com (NASDAQ:WIX) Stock Price

Wix.com (NASDAQ:WIX) had its price objective reduced by Needham & Company LLC from $115.00 to $80.00 in a report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the information services provider’s stock. Needham & Company LLC’s price target points to a potential upside of 46.33% from the company’s previous close.

Several other brokerages also recently issued reports on WIX. Royal Bank Of Canada downgraded Wix.com from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $90.00 to $60.00 in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $130.00 price target on shares of Wix.com in a research note on Thursday, March 5th. Oppenheimer cut their price target on shares of Wix.com from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Benchmark cut their price objective on Wix.com from $185.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, Morgan Stanley cut their price objective on Wix.com from $181.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.30.

Wix.com Trading Up 3.7%

WIX stock opened at $54.67 on Thursday. The company has a market cap of $3.19 billion, a P/E ratio of -70.09, a P/E/G ratio of 1.19 and a beta of 1.01. Wix.com has a 52 week low of $51.60 and a 52 week high of $190.93. The company’s 50-day moving average price is $79.51 and its 200 day moving average price is $91.30.

Wix.com (NASDAQ:WIX) last announced 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). Wix.com had a negative net margin of 1.97% and a negative return on equity of 28.32%. The business had revenue of $541.17 million during the quarter, compared to analysts’ expectations of $544.04 million. During the same period last year, the company earned $1.69 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts expect that Wix.com will post 1.63 earnings per share for the current year.

Wix.com announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 28th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the information services provider to purchase up to 40.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Wix.com

A number of institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in shares of Wix.com by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 154 shares of the information services provider’s stock valued at $27,000 after buying an additional 77 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Wix.com by 122.2% during the 4th quarter. Farther Finance Advisors LLC now owns 240 shares of the information services provider’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Wix.com by 632.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the information services provider’s stock valued at $41,000 after buying an additional 215 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Wix.com during the 4th quarter valued at about $27,000. Finally, National Bank of Canada FI bought a new stake in shares of Wix.com during the 3rd quarter valued at about $54,000. 81.52% of the stock is currently owned by institutional investors.

Key Headlines Impacting Wix.com

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

• Positive Sentiment: Wix said it posted double-digit Q1 2026 growth, introduced a proprietary AI model, and announced a major share buyback, which could help support the stock over time. Article
• Neutral Sentiment: Several Wall Street firms trimmed price targets after the Q1 report, including Scotiabank, Benchmark, Cantor Fitzgerald, Needham, and JPMorgan, but most kept constructive ratings such as outperform, buy, or overweight. Article
• Neutral Sentiment: Wix’s Q1 earnings call emphasized growth and AI initiatives, but also highlighted margin pressure, reinforcing investor uncertainty about near-term profitability. Article
• Negative Sentiment: The company’s latest quarterly results missed earnings expectations, which is the main reason the stock has been falling sharply. Article
• Negative Sentiment: BFA Law announced investigations into Wix over alleged misrepresentations about AI demand, adding legal overhang after the stock’s selloff. Article

About Wix.com

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.