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home / news releases / wix earnings financial strength shines brightly

WIX - Wix Earnings: Financial Strength Shines Brightly

Wix.com Ltd.

2024-05-20 08:15:32 ET

Summary

  • Wix's Q1 2024 revenues exceed analyst estimates, reinforcing its growth trajectory.
  • Raised full-year revenue guidance to 14% y/y showcases management's confidence in future performance.
  • Trading at 15x forward free cash flow, Wix's valuation appears undervalued given its potential for continued margin improvement and cash generation.

Investment Thesis

Wix.com ( WIX ) Q1 2024 revenues marginally beat analyst's estimates. That's undoubtedly going to weigh on investors' minds in the very near term....

For further details see:

Wix Earnings: Financial Strength Shines Brightly
Stock Information
Company Name: Wix.com Ltd.
Stock Symbol: WIX
Market: NASDAQ
Website: wix.com
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