BofA downgrades Wix.com stock rating on revenue concerns

Wix.com (WIX) reported Q3 2026 revenue of $570M, up 13% YoY, with Base44 nearing $250M ARR. AI-driven growth, diverse product lines, and strong Partners revenue highlighted. Stock rose 2.65% post-earnings, but remains below 52-week high. Total ARR reached $2.02B, up 15% YoY.

Wix.com (WIX) reported Q3 earnings and revenue above estimates but lowered its full-year free cash flow margin outlook due to increased marketing spend on AI business Base44. Shares fell 4% in premarket trading.

Wix.com shares fell 5.5% in pre-market trading after BofA Securities downgraded the stock to Underperform, citing revenue deceleration and cutting its price target. Q3 results showed revenue of $570.2M, up 12.9% YoY, but margins missed estimates. The company lowered 2026 free cash flow margin guidance. Analysts had mixed reactions, with some raising price targets.

Wix.com Ltd. (WIX) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Wix Reports Third Quarter 2026 Results • Q3 bookings of $573 million, up 11% y/y, and revenue of $570 million, up 13% y/y, driven by Base44 outperformance • Base44 now nearing $250 million of ARR, fueled by strong demand and accelerated marketing investments ◦ Retent

B of A Securities downgraded Wix.com to Underperform from Buy, reducing its price target to $68 from $75, a 9.3% decrease. This implies a 2.5% downside from the Nov 9 close of $69.75.

Wedbush maintained a Neutral rating on Wix.com (WIX) with an $80 target, citing Q3 revenue of $570M, above estimates. Operating income and free cash flow missed expectations. Analysts predict profitability in 2026, with mixed views on growth and AI-driven potential.