Wix.com Limited (NASDAQ:WIX) is one of the 10 beaten-down technology stocks that could bounce back in 2026.
On February 23, Jefferies reduced its price target on Wix.com Limited (NASDAQ:WIX) from $200 to $130. The firm reaffirmed a Buy rating on the stock, which still offers an impressive upside potential of over 82% despite the price target revision.
The firm notes that application software companies have experienced steeper declines compared to the broader software sector. It anticipates negative sentiment to prevail amid AI-related risks.
On February 17, Wix.com Limited (NASDAQ:WIX) and Intuit (INTU) announced a broadened alliance aimed at delivering a more integrated platform for small businesses. Ilan Shaki, GM of Channels at Wix, stated:
“Wix and QuickBooks are intrinsically complementary, and by joining forces, we can provide immense value and deliver a comprehensive end-to-end business solution for our shared users, we’re bringing together Intuit’s extensive QuickBooks SMB customer base and deep financial management expertise with Wix’s industry-leading website creation and eCommerce capabilities, co-creating an experience that delivers unprecedented value to mutual and future users. This partnership reflects our shared vision of simplifying business management for users worldwide.”
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Wix.com Limited (NASDAQ:WIX) is a cloud-based web development platform that allows registered users to manage and grow their online businesses through AI-enabled tools. The company offers various services such as Wix Editor, Wix Studio Velo by Wix, Wix App Market, Wix marketplace and more.
While we acknowledge the potential of WIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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