Wix.com Ltd. (NASDAQ: WIX) stock has been on a tear in 2020, up over 80% through mid-July. The company is a leading provider of cloud-based web development services.
Its platform enables users to create HTML5 websites and mobile sites through the use of online drag-and-drop tools.
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Wix’s strong performance this year is due in part to the COVID-19 pandemic, as businesses and individuals look to create or improve their online presence. The company has also benefited from an increase in advertising spending as businesses aim to reach customers online.
PRO TIP: Wix stock is a risky investment. The company is not profitable and its stock price is highly volatile.
Looking ahead, Wix is well positioned to continue benefiting from the secular shift to digital communications and commerce. The company is investing heavily in artificial intelligence (AI) and machine learning (ML) to improve its platform and drive future growth.
It is also expanding its product offerings beyond website development, into areas such as e-commerce, email marketing, and payment processing.
Given its strong growth prospects, Wix stock appears to be a good long-term investment. However, at its current price around $300 per share, the stock is not cheap. Investors may want to wait for a pullback before buying shares.
Is Wix Stock a Buy or Sell?
Buy
5 Related Question Answers Found
Wix.com Ltd. (NASDAQ: WIX) offers a leading cloud-based development platform with over 110 million registered users in 190 countries. The company went public in 2013 and has a market cap of over $3 billion. Wix’s platform enables users to create HTML5 websites and mobile sites through the use of online drag and drop tools.
Wix.com 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.
That’s a difficult question to answer. While the company’s financials look good on paper, there are some concerns that investors should be aware of before buying shares. For one, the company is heavily dependent on small businesses for its revenue.
Wix is a popular website builder that allows users to create stunning websites with no coding required. The company has been growing rapidly and is now one of the largest website builders in the world. With its strong user base and innovative features, Wix is a good stock to buy for long-term growth.
Wix.com Ltd. is a cloud-based web development platform that enables users to create HTML5 websites and mobile sites through the use of online drag and drop tools. Wix was founded in 2006 by Avishai Abrahami, Nadav Abrahami and Giora Kaplan.
