Wix jumps on PayPal collaboration

Core Insights - Wix.com Ltd. has announced a strategic collaboration with PayPal to enhance AI-powered product discovery and commerce for its merchants [1] - Following the announcement, Wix's stock experienced a 7.1% increase over two trading sessions, and a 26% rise since its low in August, although it remains down 32.2% since the start of 2025 [2] - Wix is set to release its third-quarter financial results on November 19, with expectations of 13% revenue growth to $503 million and non-GAAP earnings per share of $1.49 [3] Company Overview - Wix.com Ltd. operates in the website building sector, primarily targeting small and medium-sized businesses [2] - The company's market capitalization on Nasdaq is $8.1 billion [2] - The CEO of Wix is Avishai Abrahami [2] Financial Performance Expectations - Analysts predict Wix will report a revenue growth of 13% to $503 million for the third quarter [3] - Non-GAAP earnings per share are expected to be $1.49, slightly lower than the corresponding quarter of 2024 [3] - The average price target for Wix shares is $208.6, indicating a potential upside of 43.3% from the current share price [3] Analyst Coverage - A total of 26 analysts are covering Wix's stock, with 23 having a positive outlook and the remainder neutral [3]