Wix.Com Ltd (WIX) Stock AnalysisWIXStock AnalysisWix.Com Ltd

Wix.com Ltd. (Wix) is an Israel-based company engaged in the provision of a web development platform enabling businesses and organizations to take businesses, brands, and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments. These applications provide Wix registered users a bespoke front-end for customers visiting their Website, as well as a back-end management dashboard. The Company has developed these software applications for businesses in specific verticals, including retail and online stores, service providers, hotel and property management, music, and restaurants. These vertical applications are integrated into the Company's Website templates or can be installed on any existing Website and set up by the user and without the need to write code. It operates in the Technology sector.

Wix.com is a good buy right now due to its recent stock rebound of 21.3% in July and a current price of $87.62, which is below the analyst price target of $110 from Benchmark. The company's aggressive buyback program, repurchasing $1.6 billion in stock, indicates strong confidence in its future growth. However, a significant risk is the ongoing class action lawsuit related to securities violations, which could impact investor sentiment.

17 analysts cover WIX: 11 rate it Buy, 6 Hold and 0 Sell. The average price target is 172.24.