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Why Wix.com (WIX) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-03-15 14:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...
Wall Street Analysts Think Wix.com (WIX) Is a Good Investment: Is It?
Zacks Investment Research· 2024-03-14 14:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Wix.com (WIX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Wix.com currently has an average br ...
Investors Heavily Search Wix.com Ltd. (WIX): Here is What You Need to Know
Zacks Investment Research· 2024-03-12 14:05
Wix.com (WIX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this cloud-based web development company have returned +7%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Computers - IT Services industry, which Wix.com falls in, has gained 1%. The key question now is: What could be the stock's future direction?While me ...
Wix.com Ltd. (WIX) Hit a 52 Week High, Can the Run Continue?
Zacks Investment Research· 2024-03-04 15:16
Have you been paying attention to shares of Wix.com (WIX) ? Shares have been on the move with the stock up 9% over the past month. The stock hit a new 52-week high of $141.55 in the previous session. Wix.com has gained 13.2% since the start of the year compared to the 11.2% move for the Zacks Computer and Technology sector and the 13% return for the Zacks Computers - IT Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ea ...
Now Live: Wix Delivers the Next Generation of Web Creation with the Release of the AI Website Builder
Prnewswire· 2024-03-04 14:00
Leveraging Wix's powerful AI, users can create a fully designed, business-ready website within minutesNEW YORK, March 4, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, today announced the launch of its highly anticipated AI Website Builder. Through a conversational AI chat experience, Wix users describe their intent and goals, instantly resulting in a professional and uniquely designed website, including relevant pages, and business solutions such as sc ...
WIX Gains 55.5% in the Past Year: Will the Rally Continue?
Zacks Investment Research· 2024-03-01 13:36
Wix.com (WIX) stock is continuing its upward trajectory with a gain of 55.5% in the past year compared with 44.3% and 26.5% growth of the sub-industry and S&P Composite, respectively.Headquartered in Tel Aviv, Israel, and founded in 2006, WIX is a cloud-based web development platform. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms, and grow their online presence.The increase in stock price can be attributed to ...
What Makes Wix.com (WIX) a Strong Momentum Stock: Buy Now?
Zacks Investment Research· 2024-02-28 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Wix.com (WIX) Is Considered a Good Investment by Brokers: Is That True?
Zacks Investment Research· 2024-02-27 15:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Wix.com (WIX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Wix.com currently has an average brokerage recommendation (ABR) o ...
Here is What to Know Beyond Why Wix.com Ltd. (WIX) is a Trending Stock
Zacks Investment Research· 2024-02-27 15:01
Wix.com (WIX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this cloud-based web development company have returned +4.4%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Computers - IT Services industry, which Wix.com falls in, has gained 2.8%. The key question now is: What could be the stock's future direction?Whil ...
Why Wix.com Stock Jumped Today
The Motley Fool· 2024-02-21 16:20
Shares of website building company Wix.com (WIX 8.33%) jumped on Wednesday after the company reported completed financial results for 2023. The company just capped off a good year that was better than what investors expected. That's why Wix stock was up about 9% as of 10 a.m. ET.How Wix turned things aroundWix generated record revenue of almost $1.6 billion in 2023, which was up 13% year over year. But I think the market is more impressed with its free cash flow of $182 million, which was nearly a 12% margi ...