WIX.COM LIMITED (WIX)

After numerous drops in Wix's stock price relating to the company reporting disappointing financial results below analysts' expectations due to, among other things, the performance and competitiveness of Wix's AI product offerings, the final drop occurred on May 13, 2026. On that day, Wix reported i…

/PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX) faces a securities class action in the wake of mid-May's massive 27% drop in the price of the company's shares after...

Shares of website building platform Wix (NASDAQ:WIX) fell 9.4% in the afternoon session after Raymond James downgraded the stock to Outperform from Strong Buy and lowered its price target to $70 from $75.

The stock of cloud-based web development company has risen by 25.25% in the past month, leading the Computer and Technology sector's loss of 7.65% and the S&P 500's loss of 1.49%. The investment community will be paying close attention to the earnings performance of Wix.com in its upcoming release.

The firm cited the stock's 32% gain over the past month as the primary reason for the decision, noting its valuation framework no longer supported a Strong Buy rating following the rally. Analyst Josh Beck mentioned that while Wix is well-positioned in the AI product cycle, the recent share ...