Wix.com: Raymond James Maintains Strong Buy with Lower PT to $200 from $250

Wix.com: Raymond James Maintains Strong Buy with Lower PT to $200 from $250

Raymond James has recently maintained its Strong Buy rating on Wix.com (WIX) stock, but has lowered its price target to $200 from $250 [1]. The firm's decision comes on the heels of Wix's strong second-quarter 2025 results and the company's impressive growth prospects. Wix.com, a leading cloud-based website design and development platform, continues to attract investor attention with its innovative AI-driven products and strategic partnerships.

Wix's Q2 earnings report demonstrated robust growth, with revenues and earnings per share (EPS) exceeding market expectations [2]. The company's expansion into AI markets and strategic acquisitions, such as Base44 and Hour One, have bolstered its position in the competitive tech landscape. Additionally, Wix's partnership with Alibaba has accelerated growth for small and medium-sized enterprises (SMEs) globally [3].

Despite the positive outlook, Raymond James acknowledges that the market's overall performance may impact Wix's stock price. The firm's analysts have cautioned investors about the potential volatility in the tech sector, noting that Wix's stock has shown significant price fluctuations in recent quarters [4].

The lowered price target reflects Raymond James' belief in Wix's long-term growth potential, but also accounts for the current market conditions. The firm's Outperform rating underscores its confidence in Wix's ability to capitalize on its innovative technology and strategic partnerships to drive future growth.

References:
1. [1] https://finviz.com/quote.ashx?t=WIX
2. [2] https://finviz.com/quote.ashx?t=WIX
3. [3] https://finviz.com/quote.ashx?t=WIX
4. [4] https://finviz.com/quote.ashx?t=WIX