Investing
Wix.com (NASDAQ: WIX) is a cloud-based web development platform allows users to create mobile responsive websites using a simple drag and drop toolkit as well as web hosting and design services.
Customers raved about the easy of use of the product and the stock was a Wall Street darling during the covid lockdown and peaked in March 2021 at $342 per share. Over the next year, the stock plummeted 80% but has since recovered some ground, currently trading around $165.
Is Wix a Buy?
According to 20 Wall Street analysts, Wix.com has a consensus rating of “Moderate Buy,” with 50%…
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