These Analysts Slash Their Forecasts On Wix.com After Weak Q1 Results
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Wix.com (NASDAQ:WIX) reported disappointing Q1 2026 results, with revenue of $541.2 million falling short of expectations. Adjusted earnings were 68 cents per share, below the anticipated $1.25. Despite this, the company remains optimistic about its growth strategy, projecting mid-teens revenue growth for Q2 and reaffirming its full-year guidance. Analysts have adjusted their price targets, with Needham lowering it from $115 to $80, Citigroup downgrading from Buy to Neutral with a target of $66, and Cantor Fitzgerald reducing from $110 to $70. Wix shares fell 1.4% to $54.55 in pre-market trading.
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