StreetInsider.com News Articles

Wix partners with OpenAI for Codex Enterprise business site creation

Wed, 03 Jun 2026 09:01:25 -0400

Wix.com Ltd. (NASDAQ: WIX) announced it has been selected as a partner in OpenAI's Codex Enterprise launch, providing a plugin that enables users to create operational business websites directly through the AI platform.

The partnership integrates OpenAI's Codex with Wix Headless, allowing users to transform AI-generated designs into functioning businesses with e-commerce, booking systems, and customer relationship management tools. Users can deploy websites with custom domains, payment processing, and product catalogs through a single command within Codex.

The integration utilizes Wix Headless, the company's API-first platform, and its Model Context Protocol integration with OpenAI. The system includes compliance features for GDPR, PCI-DSS

Wix Named as Partner in OpenAI's Codex Enterprise Launch for Sites

Wed, 03 Jun 2026 09:00:00 -0400

Codex users can now connect to Wix Headless to access business solutions through MCP and APIs to turn AI-generated designs into fully operational businesses

Wix has been named a partner in OpenAI's Codex Enterprise launch, serving as an official plugin to build online. The partnership connects OpenAI's agentic platform directly to Wix Headless, enabling anyone to go from a business idea to a live, revenue-ready operation without leaving Codex.

Through a dedicated Wix plugin, users can combine the frontend UI built with Codex and instantly connect it to Wix Headless, Wix's full suite of backend business capabilities

Wix Named as Partner in OpenAI's Codex Enterprise Launch for Sites

Wed, 03 Jun 2026 09:00:00 -0400

Codex users can now connect to Wix Headless to access business solutions through MCP and APIs to turn AI-generated designs into fully operational businesses

Through a dedicated Wix plugin, users can combine the frontend UI built with Codex and instantly connect it to Wix Headless, Wix's full suite of backend business capabilities

Wix Named as Partner in OpenAI's Codex Enterprise Launch for Sites

Wed, 03 Jun 2026 09:00:00 -0400

Codex users can now connect to Wix Headless to access business solutions through MCP and APIs to turn AI-generated designs into fully operational businesses

Through a dedicated Wix plugin, users can combine the frontend UI built with Codex and instantly connect it to Wix Headless, Wix's full suite of backend business capabilities

Wix Named as Partner in OpenAI's Codex Enterprise Launch for Sites

Wed, 03 Jun 2026 09:00:00 -0400

Codex users can now connect to Wix Headless to access business solutions through MCP and APIs to turn AI-generated designs into fully operational businesses

Through a dedicated Wix plugin, users can combine the frontend UI built with Codex and instantly connect it to Wix Headless, Wix's full suite of backend business capabilities

Wix to cut workforce by 20% citing currency pressures and AI shift

Thu, 28 May 2026 10:07:18 -0400

Investing.com -- Wix announced Thursday it will reduce its workforce by roughly 20%, according to a company-wide message from Co-Founder and CEO Avishai Abrahami shared on X.

The Israel-based web development company cited two primary factors driving the decision: the strengthening Israeli Shekel against the US Dollar and the rapid evolution of artificial intelligence capabilities.

"The first reason is the Shekel/Dollar rates. In the past few quarters the exchange rate between the Shekel and the US dollar has shifted significantly as the Israeli Shekel strengthens against the US Dollar almost every day," Abrahami wrote. The currency shift creates pressure on operations

Wix to cut workforce by 20% citing currency pressures and AI shift

Thu, 28 May 2026 10:07:18 -0400

Investing.com -- Wix announced Thursday it will reduce its workforce by roughly 20%, according to a company-wide message from Co-Founder and CEO Avishai Abrahami shared on X.

Wix Laying Off About 20% Of Its Workforce - CNBC

Thu, 28 May 2026 09:38:03 -0400

(Updated - May 28, 2026 9:38 AM EDT)

Wix Laying Off About 20% Of Its Workforce - CNBC

Wix CEO Cites 'fast Evolution Of Ai Capabilities' In Cuts

Wix Laying Off About 20% Of Its Workforce - CNBC

Thu, 28 May 2026 09:38:03 -0400

(Updated - May 28, 2026 9:38 AM EDT)

Wix Laying Off About 20% Of Its Workforce - CNBC

Wix CEO Cites 'fast Evolution Of Ai Capabilities' In Cuts

Wix.com (WIX) PT Lowered to $112 at Morgan Stanley

Mon, 18 May 2026 07:50:25 -0400

Morgan Stanley analyst Elizabeth Elliott lowered the price target on Wix.com (NASDAQ: WIX) to $112.00 (from $125.00) while maintaining a Overweight rating.

Form SCHEDULE 13G/A Wix.com Ltd. Filed by: AMERIPRISE FINANCIAL INC

Fri, 15 May 2026 12:03:00 -0400

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Form SCHEDULE 13G/A Wix.com Ltd. Filed by: AMERIPRISE FINANCIAL INC

Fri, 15 May 2026 12:03:00 -0400

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Wix.com (WIX) PT Lowered to $60 at Baird

Fri, 15 May 2026 06:24:58 -0400

Baird analyst Vikram Kesavabhotla lowered the price target on Wix.com (NASDAQ: WIX) to $60.00 (from $90.00) while maintaining a Neutral rating.

Form SCHEDULE 13G/A Wix.com Ltd. Filed by: Senvest Management, LLC

Thu, 14 May 2026 16:16:00 -0400

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Form SCHEDULE 13G/A Wix.com Ltd. Filed by: Senvest Management, LLC

Thu, 14 May 2026 16:16:00 -0400

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Wix.com (WIX) PT Lowered to $68 at UBS as Firm Awaits Signs of Stabilization

Thu, 14 May 2026 10:32:31 -0400

(Updated - May 14, 2026 10:32 AM EDT)

UBS analyst Chris Zhang lowered the price target on Wix.com (NASDAQ: WIX) to $68.00 (from $96.00) while maintaining a Neutral rating.

The analyst commented, "Q1 results came in largely in in-line with our expectations albeit with a margin surprise vs. Street estimates. While bookings and revenue growth of ~14.5% were largely in-line with expectations, Adj. operating margin of ~5% was well below Street’s ~14% primarily on higher OpEx driven by marketing spend and just below UBSe on lower gross margins. FY revenue and bookings guide was maintained but Adj. FCF margin guide has been

Wix.com (WIX) PT Lowered to $68 at UBS as Firm Awaits Signs of Stabilization

Thu, 14 May 2026 10:32:31 -0400

(Updated - May 14, 2026 10:32 AM EDT)

UBS analyst Chris Zhang lowered the price target on Wix.com (NASDAQ: WIX) to $68.00 (from $96.00) while maintaining a Neutral rating.

Wix.com (WIX) PT Lowered to $115 at Benchmark Following 'Financially Incomplete' Quarter

Thu, 14 May 2026 10:12:28 -0400

(Updated - May 14, 2026 10:12 AM EDT)

Benchmark analyst Mark Zgutowicz lowered the price target on Wix.com (NASDAQ: WIX) to $115.00 (from $130.00) while maintaining a Buy rating.

The analyst commented, "We characterize the quarter as strategically encouraging but financially incomplete: AI demand is no longer the bear case, but the debate has shifted to whether WIX can convert that demand, while reengaging the core, into durable margin expansion and establish 2H visibility. 1Q bookings/revenue grew +15%/+14% y/y and Base44 reached $150M ARR by midMay, while new cohort bookings grew +46% y/y including Base44; however, non-GAAP gross margin fell to 66.2%

Wix.com (WIX) PT Lowered to $115 at Benchmark Following 'Financially Incomplete' Quarter

Thu, 14 May 2026 10:12:28 -0400

(Updated - May 14, 2026 10:12 AM EDT)

Benchmark analyst Mark Zgutowicz lowered the price target on Wix.com (NASDAQ: WIX) to $115.00 (from $130.00) while maintaining a Buy rating.

Wix.com (WIX) PT Lowered to $70 at Cantor Fitzgerald Following Q1 EBIT Miss

Thu, 14 May 2026 09:34:28 -0400

(Updated - May 14, 2026 9:34 AM EDT)

Cantor Fitzgerald analyst Deepak Mathivanan lowered the price target on Wix.com (NASDAQ: WIX) to $70.00 (from $110.00) while maintaining an Overweight rating.

The analyst commented, "WIX reported 1Q results with bookings and revenue largely in line with prior street estimates (Visible Alpha), but Non-GAAP OI came in $49m lower due to incremental marketing investments. Base44 continues to see healthy demand and reached $150m ARR in May (vs $100m in March). On the core side, partner segment growth decelerated further in 1Q. For guidance, WIX expects 2Q/FY26E revenues to grow MT-%, in line with prior

Wix.com (WIX) PT Lowered to $70 at Cantor Fitzgerald Following Q1 EBIT Miss

Thu, 14 May 2026 09:34:28 -0400

(Updated - May 14, 2026 9:34 AM EDT)

Cantor Fitzgerald analyst Deepak Mathivanan lowered the price target on Wix.com (NASDAQ: WIX) to $70.00 (from $110.00) while maintaining an Overweight rating.

Form SCHEDULE 13G Wix.com Ltd. Filed by: ARISTEIA CAPITAL, L.L.C.

Thu, 14 May 2026 08:56:00 -0400

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Form SCHEDULE 13G Wix.com Ltd. Filed by: ARISTEIA CAPITAL, L.L.C.

Thu, 14 May 2026 08:56:00 -0400

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Wix.com (WIX) PT Lowered to $150 at B.Riley

Thu, 14 May 2026 08:55:17 -0400

B.Riley analyst Naved Khan lowered the price target on Wix.com (NASDAQ: WIX) to $150.00 (from $180.00) while maintaining a Buy rating.

Wall Street cuts Wix ratings after a ’very challenging Q1 print’

Thu, 14 May 2026 08:50:45 -0400

Investing.com -- Several Wall Street banks downgraded Wix.com on Wednesday after the website-builder delivered a disappointing first-quarter print that raised fresh concerns about the competitive threat from AI-powered coding tools.

Shares in the company plunged 27.10% to $55.32.

Wells Fargo cut its rating to Equal Weight from Overweight and slashed its price target to $54 from $137. RBC Capital Markets, which described the print as "very challenging," downgraded to Sector Perform from Outperform with a new $60 target, down from $90. Citi moved to Neutral from Buy, lowering its target to $66 from $105.

While total bookings of $585 million grew 15% year-on-year and came