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Stock impact report

Analysts Upgrade Wix (WIX) After Share Repurchase News [Yahoo! Finance]

Wix.com Ltd. - Ordinary Shares (WIX) 
Last wix.com ltd. - ordinary shares earnings: 2/20 01:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
the past year, Wix.com Limited (NASDAQ:WIX) management announced a $2 billion share repurchase program on January 28. Although this comes amid analysts lowering their price targets on the stock. On January 15, Morgan Stanley analyst Elizabeth Porter reiterated her Buy rating on the stock while lowering the firm's price target from $181 to $160. The downward-adjusted price target still offers an attractive upside of around 100% from the current levels. This upside is equal to the median estimate from 25 analysts covering the stock. In a look-ahead note covering the group, the analyst highlighted that Application Software-as-a-Service companies underperformed both the overall technology sector in 2025 and the broader software sector. However, the firm pointed out that evidence increasingly suggests that the risk tied to AI may turn out to be less severe than originally expected. This view supports a more constructive outlook for the Application Software-as-a-Service stocks heading int Show less Read more
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