Evercore analyst Jian Li maintains $Wix.com (WIX.US)$ with a buy rating, and adjusts the target price from $210 to $250.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 9.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Wix.com (WIX.US)$'s main analysts recently are as follows:
Q3 results surpassed expectations along with upgrades to projections for revenue, billings, and free cash flow, suggesting sturdy exit rates for FY24 that could sustain into FY25. Enhancement of core initiatives, including those with Studio, bolstering Partners' durability, and AI initiatives that foster growth for Self-Creators, are expected to drive continued performance improvement into 2025.
While Wix.com reported another solid quarter, expectations were set for a quicker growth in self-creator segment. Despite these anticipations, both partner and business solutions showed acceleration, even with challenging comparisons. Additionally, the company's free cash flow margin is nearing the 30% mark, and it is on track to reach $500M in free cash flow by 2024, ahead of its previous long-term forecasts.
Following a report of robust growth in Q3 and optimistic guidance for Q4 that surpasses existing market predictions for bookings growth and free cash flow, there is an increased valuation multiple now being applied due to Wix.com's consistently recurring revenue stream, introduction of new AI-driven products, and anticipated improvements in growth and margins.
Note:
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Evercore分析师Jian Li维持$Wix.com (WIX.US)$买入评级，并将目标价从210美元上调至250美元。
根据TipRanks数据显示，该分析师近一年总胜率为66.7%，总平均回报率为9.3%。
此外，综合报道，$Wix.com (WIX.US)$近期主要分析师观点如下：
Q3的业绩超出预期，对营业收入、计费和自由现金流的预测均有升级，表明FY24的稳健退出率可能持续到FY25。预计核心业务的加强将继续推动2025年的业绩改善，其中包括与Studio合作的业务，加强合作伙伴的耐用性，以及促进Self-Creators增长的人工智能倡议。
尽管Wix.com报告了又一个强劲的季度，但预计Self-Creator领域的增长速度会加快。尽管有这些预期，合作伙伴和业务解决方案均显示出加速增长，即使面临挑战性的比较。此外，该公司的自由现金流利润率接近30%的标志，预计2024年将达到50000万美元的自由现金流，超过之前的长期预测。
在Q3强劲增长的报告和对Q4的乐观指引之后，超过现有市场对预订增长和自由现金流预测的预期，目前正在应用更高的估值倍数，原因是Wix.com稳定的循环营业收入流、引入新的人工智能产品，以及预期的增长和利润率改善。
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