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Wix.com Ltd. (WIX): Morgan Stanley Upgrades to Overweight, Citing AI-Driven Growth and Free Cash Flow Potential


Published on 2025-01-14 12:01:14 - MSN
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  • We recently compiled a list of the 11 Trending AI News and Ratings. In this article, we are going to take a look at where Wix.com Ltd. (NASDAQ:WIX) stands against the other trending AI stocks. AI continues to be a transformative force,

Morgan Stanley has upgraded Wix.com Ltd. (WIX) to an "overweight" rating from "equal weight," citing the company's potential for AI-driven growth and significant free cash flow. Analyst Sanjit Singh highlighted Wix's strategic shift towards AI enhancements, which are expected to boost its product offerings and user engagement. The upgrade also reflects optimism about Wix's ability to generate substantial free cash flow, with projections suggesting a potential increase to $250 million in 2025, up from $100 million in 2023. This positive outlook is based on Wix's recent performance, including a 14% year-over-year revenue increase in the third quarter of 2023, and its focus on AI to drive future growth.

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[ https://www.msn.com/en-us/money/savingandinvesting/wix-com-ltd-wix-morgan-stanley-upgrades-to-overweight-citing-ai-driven-growth-and-free-cash-flow-potential/ar-BB1rrouN ]