On September 24, Wix.com rose 8.13% in regular trading, trading at $84.08 per share, with turnover of $25.23 million. The rally was driven by a wave of price target upgrades from multiple investment banks in recent weeks.

On the catalyst front, UBS raised its price target on Wix.com to $75 from $66 while maintaining a Neutral rating, and Wedbush lifted its target to $80 from $55. Oppenheimer highlighted Base44 demand strength and improving gross margins, noting that Base44 margins are expected to reach 60% or above in H2, with incremental gross profit to be reinvested in sales and marketing. The analyst consensus now reflects an average overweight rating with a mean price target of approximately $79.53.

From a fundamental perspective, Wix.com reported Q2 revenue of $563 million, up 14.9% year-over-year and roughly 2% above consensus estimates. Adjusted EPS of $1.39 exceeded expectations by approximately 20%. The company reaffirmed its full-year outlook targeting low- to mid-teens revenue growth. Additionally, its partnership with Google to integrate Wix Harmony into the Gemini AI assistant and the launch of Symphony, a multi-agent AI platform for SMBs, further reinforced investor optimism around the company's AI-driven growth strategy.

Wix.com is a global cloud-based web development platform combining advanced AI technology to provide website creation, commerce, and business management solutions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)