Wix.com (WIX) PT Raised to $148 at JPMorgan
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Go back to Wix.com (WIX) PT Raised to $148 at JPMorgan
May 20, 2024 1:00 AM EDT
Record increase to FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration now anticipating 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting Rule of 40 milestone already this year
Strong start to year with total bookings of $457.3 million, up 10% y/y driven by reacceleration of Creative Subscriptions growthTotal revenue of $419.8 million exceeded expectations, up 12% y/y driven by continued momentum in the Partners business reflecting market share gains and stronger than anticipated Wix...
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May 16, 2024 9:01 AM EDT
The new AI-powered tools include a new image generator, an object eraser, and an image editor with the ability to add and replace objects, empowering users to level up their site's visual content
NEW YORK, May 16, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1,... More
