Wix.com (NASDAQ:WIX) Hits New 1-Year Low - What's Next?

Market Beat
2026.06.11 09:23
portai
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Wix.com (NASDAQ:WIX) hit a new 52-week low of $46.10, driven by negative sentiment including securities law investigations, AI competition headwinds, and price target cuts from Citigroup and UBS. Despite recent earnings misses and analyst downgrades, institutional investors like Hsbc and Ameriprise increased holdings. The stock faces legal overhangs and uncertain near-term financial impacts from new integrations, though some analysts maintain buy ratings with an average target of $97.95.