2024-02-21 09:58:09 ET
Summary
- Wix.com Ltd. reiterates its goals to reach more than the Rule of 40 in 2025 and guides for approximately 14% CAGR on the topline for 2024.
- The business is likely to generate around $570 million of free cash flow in 2025, making it an attractive investment at 13x next year's free cash flows.
- Wix's near-term prospects include product development, strategic initiatives, and partnerships to empower users and expand commerce capabilities.
Investment Thesis
Wix.com Ltd. ( WIX ) delivered yet another set of results that support the bull case for its stock. Wix reiterates its goals to reach more than the Rule of 40 in 2025. Meanwhile, for 2024, Wix guides for approximately 14% CAGR on the topline....
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For further details see:
Wix Q4 Earnings: Strategic Vision For 2025