BofA Cuts Price Target on Wix.com Following Mixed Q1 Earnings
Wix.com reported mixed first-quarter results with revenue up 14% year-over-year to $541 million but missing analyst expectations. Non-GAAP EPS of $0.68 significantly underperformed the expected $1.22 due to high AI compute costs from its Base44 acquisition.
Tickers: $WIX
Topics: AI costs price target cut Q1 earnings Wix