Cantor Fitzgerald Remains Bullish on Wix.com (WIX)
On March 5, analysts at Cantor Fitzgerald maintained their Overweight rating and $130 price target on Wix.com Ltd. (NASDAQ:WIX), following the company’s fourth-quarter results, during which it reported revenues and bookings that were roughly in line with consensus estimates and an EPS of $1.81, outpacing Wall Street’s consensus estimate of $1.42.
In its report, Cantor Fitzgerald pointed out that Wix.com Ltd. (NASDAQ:WIX)’s two AI-led growth pillars, Base44 and Wix Harmony, will play significant roles in reshaping the company’s long-term growth strategy. In particular, Base44 is expected to generate $100 million in annual recurring revenue, giving the company a generational opportunity to capture share in AI-native application building. The analysts also said that Base44 is already gross-margin positive on a revenue basis and is pacing ahead of their prior 2026 estimate of $108 million, driven by rapid acceleration in product velocity and the company’s go-to-market playbook of scaled marketing and brand awareness initiatives like the Super Bowl, among other factors.
Wix.com Ltd. (NASDAQ:WIX) provides a web development platform for creators, delivering services through a Software-as-a-Service model. Its products include website templates, website builders, website designs, an app market, web hosting, domain names, website accessibility, a mobile app builder, and an AI website builder.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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