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....
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Wix Earnings: Financial Strength Shines Brightly