Tiger Brokers

BUZZ-Oppenheimer cuts Wix PT on delayed margin expansion

Reuters
Feb 02
BUZZ-Oppenheimer cuts Wix PT on delayed margin expansion

** Oppenheimer cuts PT on cloud-based website builder Wix.com WIX.O to $130 from $160

** New PT still represents a 33.2% upside to stock's last close

** Brokerage cites delayed margin expansion and more conservative long‑term profitability assumptions amid sustained investment

** Adds that smaller businesses may be more likely to cancel Wix subscriptions due to budget pressure, business closures or reduced online spend

** Says Wix's R&D team identified innovations that previously could not be implemented but are now feasible with recent tech/platform/product evolution

** 21 of 23 brokerages rate stock "buy" or higher and 2 "hold"; median PT is $157.50

** As of last close, WIX down 64.1% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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