Wix.com Just Got Hit With a Downgrade and the AI Threat Is Getting Real

JPMorgan analyst Alexei Gogolev downgraded Wix.com to Underweight from Neutral and cut the price target to $91 from $114, a $23 (≈20%) reduction. The sizable PT cut from a major bank is likely to put near-term downward pressure on the shares given current trading levels.

Analysis

JPMorgan analyst Alexei Gogolev downgraded Wix.com to Underweight from Neutral and cut the price target to $91 from $114, a $23 (≈20%) reduction. The sizable PT cut from a major bank is likely to put near-term downward pressure on the shares given current trading levels.