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Wi (NASDAQ:WIX) Shares Gap Up After Earnings Beat
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4 Articles
4 Articles
Wi (WIX) Stock Drops 8% After Q3 Beat, BofA Downgrade and Cash Flow Cut
TLDR Wi (WIX) stock traded near $70 in premarket Tuesday, up 0.29% at $69.95 after an 8.33% drop in the prior session. BofA downgraded the stock to Underperform from Buy and cut its price target to $68 from $75. Q3 EPS of $1.42 and revenue of $570.17 million both beat estimates. Wix cut its 2026 [...]
Wix beats Q3 estimates but cuts its cash flow target as Base44 spending bites
Wix posted $570.2 million in third-quarter revenue and $1.42 in adjusted earnings per share, both ahead of estimates. Free cash flow guidance fell to about 16%, and BofA cut its price target to $68 while Base44 nears $250 million in annual recurring revenue.
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Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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