10 Stocks That Became Analyst Favorites This Week

8. Wix.com Ltd. (NASDAQ:WIX)

Wix.com Ltd. is a cloud-based platform that enables the simplified creation of websites for users with a non-technical background. It provides Wix ADI, Wix editor, and other services. The company received an upgrade from Equal-Weight to Overweight with a target price of $276 at Raymond James.

In Q3 FY 2024, Wix generated revenue worth over $444.7 million with a growth rate of 13% YoY, exceeding Wall Street’s estimates. As a result, shares gained over 34% in November alone.

The company is expected to make $2.87 billion of total revenue by FY2028. The expected growth rate from 2025 to 2034 stands at 5.4%. The company’s stock performance was impressive last year as it gained over 80%, mainly on the strength of its subscriber-based business model.