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Wix.com reports strong Q4 2024, with revenue up 14% and price targets raised despite recent earnings miss.
Wix.com reported strong Q4 2024 results, with revenue up 14% year-over-year to $460 million and bookings up 18% to $465 million.
Despite a recent earnings miss, several banks raised price targets, with Bank of America setting it at $270.
The company's focus on AI and Studio enhancements contributed to robust growth and doubled FCF generation.
Wix is on track to achieve the Rule of 45 in 2025, with plans to launch new transformative products this year.
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Wix.com reporta fuerte Q4 2024, con ingresos un aumento del 14% y objetivos de precios aumentados a pesar de las recientes pérdidas de ganancias.