Wix.com Analysts Cut Their Forecasts After Q3 Earnings

Core Insights - Wix.Com Ltd reported better-than-expected earnings for Q3, with earnings of $1.68 per share, surpassing the analyst consensus estimate of $1.47 per share [1] - The company achieved quarterly sales of $505.194 million, exceeding the analyst consensus estimate of $502.682 million [1] - Wix.com raised its FY2025 sales guidance from a range of $1.975 billion-$2.000 billion to $1.990 billion-$2.000 billion [1] Company Developments - CEO Avishai Abrahami emphasized the company's mission to democratize technology through advanced AI and natural-language development with the introduction of Base44 [2] - Following the earnings announcement, Wix.com shares rose by 1.2% to $102.90 in pre-market trading [2] Analyst Reactions - Needham analyst Bernie McTernan maintained a Buy rating on Wix.com but lowered the price target from $200 to $140 [5] - Citizens analyst Andrew Boone maintained a Market Outperform rating and cut the price target from $210 to $185 [5] - Benchmark analyst Mark Zgutowicz also maintained a Buy rating while lowering the price target from $230 to $185 [5]