These Analysts Revise Their Forecasts On Wix.com Following Q2 Results

Group 1 - Wix.com Ltd. reported second-quarter adjusted EPS of $2.28 and revenue of $489.93 million, exceeding analyst expectations [1] - The quarterly revenue grew 12% year-over-year, surpassing the analyst consensus estimate of $487.47 million [1] - The company expressed confidence in accelerating growth for the remainder of 2025, supported by a stable macroeconomic environment and strong momentum in its core business [2] Group 2 - Wix.com revised its fiscal 2025 revenue outlook to a range of $1.975 billion to $2.000 billion, slightly adjusted from the previous range [3] - The company expects third-quarter fiscal 2025 revenue between $498.00 million and $504.00 million, aligning closely with the analyst consensus estimate of $502.33 million [3] - Following the earnings announcement, Wix.com shares increased by 6.5% to $136.79 [3] Group 3 - Analysts adjusted their price targets for Wix.com after the earnings announcement, with most lowering their targets significantly [4][6] - Needham and Raymond James analysts maintained a Buy rating but reduced their price targets from $250 to $200 [6] - Scotiabank raised its price target from $250 to $255 while maintaining a Sector Outperform rating [6]