Wix.com Ltd. (NASDAQ:WIX) is one of the 10 Best Stocks to Buy According to Billionaire Jeffrey Talpins.
Wix.com Ltd. (NASDAQ:WIX) is another AI stock that has struggled in today’s AI era
The shares are down by 69% over the past year and by 51% year-to-date. Banking giant JPMorgan discussed Wix.com Ltd. (NASDAQ:WIX)’s shares on June 18th. It cut the share price target to $62 from $86 and kept an Underweight rating on the shares.
The coverage came as part of JPMorgan’s evaluation of the broader internet sector. Wix.com Ltd. (NASDAQ:WIX) also made key announcements related to artificial intelligence in June. The firm teamed up with Microsoft and OpenAI to provide its products in the two software companies’ product ecosystem.