What To Expect From Wix Stock After Mixed Earnings: A Big 3 Years Ahead

Aug. 25, 2022 8:30 AM ETWix.com Ltd. (WIX)5 Comments

Summary

  • Wix has crashed 80% from all-time highs.
  • Revenue growth has decelerated rapidly in 2022 which in turn led to extreme multiple compression.
  • Management has guided for a robust recovery in growth rates over the next several years.
  • The company has a net cash balance sheet and is operating around free cash flow break even.
  • I can see the stock tripling over the next 3 years.
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Wix.com (NASDAQ:WIX) is a casualty of the tech crash though the stock has bounced materially off its lows. This company arguably has a clear-cut thesis, being the backbones of web development, but the steep deceleration in growth rates has not provided support

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Disclosure: I/we have a beneficial long position in the shares of WIX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I own all positions in the Best of Breed portfolio.

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