Wix: Increasing Price Target As Partners Business And AI Should Continue To Drive Growth [Seeking Alpha]
Squarespace, Inc. Class A (SQSP)
Company Research
Source: Seeking Alpha
The company's strategic initiatives, including Wix Studio and AI capabilities, should drive superior user experience and a higher conversion rate, leading to greater monetization on its platform. Despite risks from uncertain macroeconomic conditions and competition, Wix is projected to continue growing revenue and improve operating margins, making it a buy with a 40% upside potential. Introduction & Investment Thesis I initiated a Buy rating on Wix ( NASDAQ: WIX ) on February 16. My bull thesis was predicated on my belief that the company continues to drive strategic growth in its Partners business by launching Wix Studio, as well as rapidly innovating on its AI product offerings while expanding profitability. Since then, the company has released its Q4 FY23 earnings report , where revenue and earnings exceeded expectations. In Q4, the company continued to see deeper adoption of Wix Studio as its Partners business grew 38% YoY. Meanwhile, the company continues to innovate wit
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SQSP
News
- What is Web Hosting and How Does it Work? [CNET News]CNET News
- Accessibly Celebrates $1M in Revenue from Shopify App and Teases Feature Launches for 2024 [Yahoo! Finance]Yahoo! Finance
- Synder Broadens Its Reach: Welcomes TikTok, Faire, and Squarespace Into Its Ecosystem [Yahoo! Finance]Yahoo! Finance
- Squarespace to Announce First Quarter 2024 Financial Results on May 7, 2024PR Newswire
- Spotting Winners: Shopify (NYSE:SHOP) And E-commerce Software Stocks In Q4 [Yahoo! Finance]Yahoo! Finance
SQSP
Earnings
- 2/28/24 - Miss
SQSP
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 144
- 4/22/24 - Form DEFA14A
- SQSP's page on the SEC website