Wix.com (WIX): Buy This Stock BEFORE 11/20 Earnings

By Steve Reitmeister, Editor-in-Chief, WallStreetZen
November 11, 2024 9:33 PM UTC
Wix.com (WIX): Buy This Stock BEFORE 11/20 Earnings

You probably know the company name. Perhaps because you use it for your own website. Or perhaps from their many commercials. 

The point is that Wix.com (WIX) Is a thriving online company whose shares have tremendous upside potential. 

I am embarrassed to say how long it has been on my radar screen without taking action. Gladly I recently added it to my Zen Investor portfolio just in time to enjoy the recent post election gains. 

Gladly there is good reason to be believe there is much more upside ahead for these shares. 

WIX is best known as one of the leading companies that helps you build and host websites. Just like many of their competitors they have learned how to add more services and greatly increase the average revenue per user (ARPU) which is a key metric for subscription businesses like this one.

One of its best attributes is how well it scores for the Growth factors that are a part of the POWR Ratings model (in the top 3% for Growth of all stocks analyzed). This gels well with the average 35% earnings beat the past 4 quarters.

That earnings momentum has caught the eye of many top analysts. Especially Mark Zgutowicz of Benchmark with a street high of $225. Very appealing upside from where we stand today in the low $170’s.

Yet if the beat and raise earnings tradition continue...then I see high $200’s as a real possibility by the end of 2025 and probably doubling in 2026 making this a very appealing long term play.

The one risk is we are buying just before earnings on 11/20. But given a few years of consistent beat and raises (and the last 4 quarters averaging 35% beats), I think that risk is pretty low. No doubt you would be buying the stock at a much higher price if we waited til after the report.

So we will drop and drag this thriving web builder stock into our portfolios now to enjoy ample upside in the months and years to come.  

What To Do Next?

Wix.com (WIX) is just one of the stellar stocks found in my Zen Investor portfolio.

Each pick goes through our rigorous 4 step screening process to find more 100%+ stock winners. 

To get your hands on my current stock recommendations…plus the 2 new picks coming soon…then all you need to do is click the link below. 

Discover the Zen Investor portfolio > 

Wishing you a world of investment success!

Steve Reitmeister…but everyone calls me Reity (pronounced “Righty”)

Editor of the Zen Investor

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