Name of opportunity: 👀
Wix.com Limited
Happy stakeholders: 🤩
Last week, Wix.com published its quarterly earnings. The company has recently been delivering a profit of US$0.41 per share, which is 286% above what had previously been predicted. Total bookings were up 10% year on year from 2023. Wix co-founder and CEO Avishai Abrahami said "hundreds of thousands of sites" have already been made using the new AI Website Builder tool, which was only launched in March of this year.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict that the price of Wix.com Ltd will increase from $167.92 to $186.83 in the next 12 months. As a potential rise of 9.90%, if you invested $1000, you might profit $99.02.
Wix has predicted, as part of their quarterly earnings report, that the company will see further growth and higher bookings, particularly in Creative Subscriptions (the monthly or yearly fee users pay to access the premium version of the website builder, and to have their websites hosted).
Analysts are most excited about the company’s improved free cash flow, which was US$105.7 million compared with US$25 million in Q4 2023.
www: 🖥️
As Wix.com uses a freemium business model, with a free tier and premium add-ons, the SaaS company is especially popular with people who run small to medium size businesses. However, the new AI tools make it increasingly easy to build an impressive looking website, and also command a higher price from users.
Which neme?: 🔍
None - search directly for ‘Wix.com’
Download Nemo to pick up shares in this increasingly well respected website builder
