WIX is gaining from the growing use of different AI products and WIX Studio. However, fluctuations in the foreign exchange market are likely to impact their revenue.
The new partnership with Printful will allow Wix users to easily access Printful's print-on-demand and dropshipping services.
Businesses, individual creators, and agencies that use Wix can take advantage of Printful's fulfillment services to enhance their brand with unique, high-quality custom products.
Wix.com (WIX) has recently caught the attention of many Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
Wix.com (WIX -2.75%) announced its fourth-quarter and full-year results for 2024 on February 19, 2025, highlighting impressive growth and better operations. The company achieved its "rule of 40" goal, which means the sum of its revenue growth and free cash flow margin is over 40%, a year earlier than expected. Now, Wix is aiming for even greater success in 2025.
Wix uses AI automation to improve user experience and efficiency, which helps the company grow and increase profits, making it a strong SaaS business. In the fourth quarter of 2024, Wix experienced a 14% rise in revenue and better operating margins, showing its ability to scale and manage costs effectively. Although its forward P/E ratio is high, Wix's potential for EBITDA growth and better margins indicate it may reach its valuation, justifying a buy recommendation.
Wix reported strong revenue and bookings growth in its Q4 earnings, along with significant free cash flow expansion. However, the company's shares dropped after the earnings announcement, leading me to maintain my buy rating with a new price target of $257, which is seven times the expected revenue for FY25. Wix is shifting its focus to larger, more committed customers and working with reseller partners, resulting in double-digit bookings growth and a 106% net revenue retention rate.
Wall Street analysts updated their ratings for Wix.com Ltd WIX after the company shared its fourth-quarter results on Wednesday during an eventful earnings season.
Wix.com Ltd. (Wix) will hold its Q4 2024 Earnings Conference Call on February 19, 2025, at 8:30 AM ET. The call will feature company representatives including CEO Avishai Abrahami and CFO Lior Shemesh, along with participants from various financial institutions. The operator will begin the call by welcoming everyone.
While the revenue and earnings per share (EPS) for Wix.com (WIX) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.