Wix.com Stock Plunges 27% After Q1 Miss, Cantor Cuts Target to $70
Wix.com reported Q1 revenue of $541.17 million, missing estimates by $2.87 million, and posted EPS of $0.68 versus $1.21 consensus, triggering a 27.1% stock plunge. Cantor Fitzgerald cut its price target to $70 from $110, while GuruFocus assigns a GF Value of $172.71 versus the recent $55.30 trading price.
1. Q1 Financial Miss
Wix.com recorded Q1 sales of $541.17 million, missing analyst forecasts by $2.87 million, and delivered EPS of $0.68 against a $1.21 consensus, contributing to a 27.1% decline in its share price.
2. Price Target Reduction
Following the earnings shortfall, Cantor Fitzgerald lowered its 12-month price target to $70 from $110, reflecting reduced confidence in near-term revenue and margin recovery.
3. Valuation Analysis
Despite the downturn, GuruFocus assigns a GF Value of $172.71 to Wix.com, suggesting significant upside potential from its recent trading level near $55.30.