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Wix.com: JP Morgan maintains Neutral, PT down to $166 from $189.
ByAinvest
Wednesday, Aug 6, 2025 7:16 pm ET1min read
Wix.com: JP Morgan maintains Neutral, PT down to $166 from $189.
JP Morgan has maintained its neutral rating on Wix.com (NASDAQ: WIX) while reducing its price target to $166 from $189. This move comes after the company reported strong fiscal second-quarter 2025 results, which saw revenue grow 12% year-over-year (Y/Y) to $489.93 million, exceeding the analyst consensus estimate of $487.47 million [3].The company's adjusted EPS of $2.28 also beat the analyst consensus estimate of $1.74. Creative Subscription revenue increased 11% Y/Y to $345.5 million, while Creative Subscriptions bookings climbed 11% Y/Y to $364.9 million. Partners revenue in the quarter was $183.3 million, up 24% Y/Y, and Business Solutions’ revenue rose 17% Y/Y to $144.5 million, with bookings jumping 12% Y/Y to $145.1 million [3].
Despite the positive earnings report, Wix.com's stock has been volatile, falling over 40% year-to-date as it failed to meet revenue analyst estimates in three out of the last four quarters. The stock traded higher by 10.9% to $142 premarket on Wednesday following the earnings report [3].
Analysts have mixed ratings for Wix.com, with 81.52% of the stock owned by institutional investors and hedge funds. Cantor Fitzgerald has an "overweight" rating with a $200.00 price target, while Wall Street Zen downgraded shares from a "strong-buy" to a "buy" rating [1].
Mackenzie Financial Corp significantly reduced its stake in Wix.com, selling 21,788 shares and lowering its holdings by 74.1%, leaving it with 7,607 shares valued at approximately $1.24 million. Other hedge funds have also modified their holdings, with Dorsal Capital Management LP increasing its stake by 1.8% and Senvest Management LLC increasing its stake by 27.3% during the fourth quarter [1].
Wix.com's market capitalization stands at $7.19 billion, with a P/E ratio of 51.03, a price-to-earnings-growth ratio of 2.09, and a beta of 1.27. The company has a 52-week low of $126.22 and a 52-week high of $247.11 [3].
References:
[1] https://www.marketbeat.com/instant-alerts/filing-mackenzie-financial-corp-sells-21788-shares-of-wixcom-ltd-nasdaqwix-2025-08-05/
[2] https://www.marketscreener.com/news/pfizer-inc-jp-morgan-reaffirms-its-neutral-rating-ce7c5ed8db89fe27
[3] https://www.aol.com/wix-com-sees-strong-growth-125612520.html
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