Wix.com Ltd. (NASDAQ:WIX) is one of the best Middle East and Africa stocks to buy according to hedge funds.
On May 13, BofA Securities lowered its price target on Wix.com Ltd. (NASDAQ:WIX) to $95 from $109, while keeping its Buy rating
The firm made the call following Wix.com’s Q1 FY2026 earnings release the same day. BofA described the results as mixed. According to Wix.com, quarterly revenue reached $541 million, up 14% year over year; however, this fell short of the analyst consensus of around $544 million.
The company added that non-GAAP EPS came in at $0.68, which badly missed the $1.22 consensus. Management explained that revenue growth came from a 46% year over year surge in new user cohort bookings, to $52 million. The cohort bookings were largely boosted by Base44, the AI-powered app-building platform Wix acquired in 2025.