Wix.com Ltd. (NASDAQ:WIX) is one of the oversold software stocks to buy according to Wall Street analysts.
On May 13, Scotiabank analyst Nat Schindler cut the firm’s price target on Wix.com Ltd. (NASDAQ:WIX) to $110 from $135 while keeping a Sector Outperform rating on the stock
The move followed Wix’s Q1 2026 earnings release, which showed that bookings and revenue grew 15% and 14% year over year respectively. Analysts had expected the revenue to be around $530 million. On why the revenue grew, Wix’s executives explained that Base44, the no-code app-building platform the company acquired last year, drove about 46% of the growth in new user cohort bookings.
Also, Wix Harmony, the company’s AI-powered website builder, boosted new user conversions to paid subscriptions and pushed users toward higher-tier plans. However, the company’s reported diluted EPS of $0.68 versus the $1.22 consensus estimate. There was a $1.6 billion share buyback completed in early April, which caused a large one-time step-up in expenses.