Wix.com Initiates $2 Billion Stock Buyback Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 28 Jan 26
Source: seekingalpha
Wix.com shares rose 7.32% and reached a 5-day high following the announcement of a $2 billion stock buyback program.
The Board of Wix.com has authorized a two-year share repurchase program worth up to $2 billion, reflecting confidence in the company's strong cash flow generation and commitment to enhancing shareholder value. The buyback will be funded through cash on hand and future cash generated from operations, indicating robust financial management. This initiative is expected to boost investor confidence and improve stock market performance.
The buyback program is anticipated to enhance EPS and shareholder value by reducing the number of shares outstanding, showcasing Wix's optimistic outlook on future growth.
Analyst Views on WIX
Wall Street analysts forecast WIX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WIX is 172.24 USD with a low forecast of 135.00 USD and a high forecast of 210.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
18 Buy
1 Hold
0 Sell
Strong Buy
Current: 87.960
Low
135.00
Averages
172.24
High
210.00
Current: 87.960
Low
135.00
Averages
172.24
High
210.00
About WIX
Wix.com Ltd. (Wix) is an Israel-based company engaged in the provision of a web development platform enabling businesses and organizations to take businesses, brands, and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments. These applications provide Wix registered users a bespoke front-end for customers visiting their Website, as well as a back-end management dashboard. The Company has developed these software applications for businesses in specific verticals, including retail and online stores, service providers, hotel and property management, music, and restaurants. These vertical applications are integrated into the Company's Website templates or can be installed on any existing Website and set up by the user and without the need to write code.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
