Wix.com price target lowered to $130 from $160 at Oppenheimer

Oppenheimer analyst Ken Wong lowered the firm’s price target on Wix.com (WIX) to $130 from $160 on compressed software multiples, while keeping an Outperform rating on the shares. The firm says sentiment remains mixed with debates centering around core growth, Base44, and margin trajectory. Oppenheimer is looking for bookings/revenue slightly ahead of consensus with modest EBIT/free cash flow upside. The firm is optimistic FY26 bookings/revenue outlook will signal building momentum on continued cohort and Base44 strength. Oppenheimer sees mid-20% free cash flow margins as a floor, despite buyside concerns. With Wix Harmony launched, Investor day is the next catalyst.