Wix.com Ltd

WIX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wix Earnings: Solid Performance Led by Continued Partners Program Momentum; Shares Fairly Valued

Rob Hales

Aug 8, 2024

Narrow-moat Wix reported second-quarter results that were in line with FactSet consensus revenue, but beat on EPS. Overall, results were broadly in line with our expectations, highlighted by continued strong revenue growth in its partners program business. Shares closed flat intraday. We don’t expect to make a material change to our $148 fair value estimate. At current levels, the shares look fairly valued.

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Wix.com Ltd

Wix Earnings: Solid Performance Led by Continued Partners Program Momentum; Shares Fairly Valued

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