Piper Sandler analyst Clarke Jeffries upgraded Wix.com (WIX) to Overweight, citing its strong growth potential and improved free cash flow margins. While Jeffries remains skeptical about Wix’s short-term growth projections, he sees long-term value in the company’s ability to expand margins and outpace competitors like GoDaddy and Squarespace.
Results for: Wix
Wix.com’s shares are thriving, fueled by the adoption of its AI products and Wix Studio, resulting in a strong second-quarter performance. Despite some headwinds, the company’s optimistic outlook and revenue growth make it an attractive investment.