11 Trending AI News and Ratings

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

Number of Hedge Fund Holders: 46

Wix.com Ltd. (NASDAQ:WIX) provides a cloud-based web development platform with AI-powered tools for building and managing online businesses.

Morgan Stanley analyst Elizabeth Porter has upgraded Wix (NASDAQ:WIX) to Overweight from Equal Weight and raised the price target to $276 from $248. The analyst highlighted improving growth among self-creators driven by AI innovations, steady growth in the Partners segment, which is owed to subscription increases, and better operational efficiency as important factors supporting strong free cash flow potential that the stock does not currently reflect. The analyst commented:

“Improving growth in Self-Creators, driven by AI innovation, durability in the Partners segment from compounding subscription growth, and increased operational discipline support outsized free cash flow generation. This potential is not fully reflected in the current valuation, with shares trading at 0.81x growth-adjusted versus peers at 0.97x. We upgrade to Overweight.”

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