Website Building » Wix » Is Wix a Good Stock to Buy?

Is Wix a Good Stock to Buy?

Last updated on January 3, 2023 @ 2:47 am Ltd. (NASDAQ: WIX) is a cloud-based web development platform that allows users to create HTML5 websites and mobile sites through the use of online drag and drop tools. The company was founded in 2006 by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan.

Wix is headquartered in Tel Aviv, Israel, with offices in San Francisco, New York City, Brazil, Canada, Germany, India, Ireland, Lithuania, and the Ukraine. As of March 2018, Wix had 110 million registered users in 190 countries.


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The company sells its products and services through a freemium business model. The Wix website builder is available for free; however, users must purchase a premium plan to use advanced features such as e-commerce functions, branded URLs, and removed Wix advertising.

In January 2014, Wix was ranked fourth in consumer satisfaction in the US by the American Customer Satisfaction Index (ACSI). In May 2014, Wix was ranked number one on the list of “10 Best Website Builders” by WebUser magazine. In October 2014, Wix was ranked first on the list of “10 Best Free Website Builders” by TopTenReviews.

PRO TIP: While Wix may be a good stock to buy, there are a few things to consider before investing. First, the stock is highly volatile, so it may not be suited for investors who are risk-averse. Second, the company is not profitable yet, so there is no guarantee that it will be a good investment in the long term. Finally, Wix is a relatively new company, so there is less data available to make a confident investment decision.


We believe that Wix is a good stock to buy for investors seeking exposure to the growing web development industry. The company has strong financials, a large customer base, and solid competitive advantages which should help it continue to grow at a rapid pace.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.