Wix.com, Ltd. (WIX) has proven to be a lucrative holding for early shareholders. The company’s shares have risen by over 6-fold since its IPO opening price of ~$17, translating into a compounded annual return of 43%. Given the rampant growth witnessed over the past few years, investors are questioning whether Wix still has upside potential.
After diving into the company, we believe Wix shares still have a significant amount of runway left for growth. The company’s top line continues to show bright growth prospects, alongside impressive performance metrics. When combined with the