Wix.com (WIX) Stock Price Prediction: Is It a Buy? – 24/7 Wall St.

Wix.com (WIX) Stock Price Prediction: Is It a Buy? – 24/7 Wall St.

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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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