Needham Maintains Buy on Wix.com, Raises Price Target to $95
Needham analyst Bernie McTernan maintains Wix.com (NASDAQ:WIX) with a Buy and raises the price target from $80 to $95.
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Wix.com shares are trading lower amid possible sympathy with GoDaddy. Reports suggesting that company was the target of takeover interest from Norton failed to materialize, causing some outflows from the website development and hosting peer.
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Pomerantz Law Firm Announces the Filing of a Class Action Against Wix.com Ltd. and Certain Officers – WIX
A class action lawsuit has been filed against Wix.com Ltd. for alleged securities fraud, claiming the company made false statements about its AI product competitiveness while understating development costs. The lawsuit covers purchases between February 19, 2025 and May 12, 2026. Wix's stock declined significantly following multiple negative revelations about AI costs, competitive pressures, and product shortcomings.
Wix.com shares are trading higher after UBS raised its price target on the stock from $66 to $75.