Wix.com price target lowered to $140 from $185 at Benchmark

Benchmark lowered the firm’s price target on Wix.com (WIX) to $140 from $185 and keeps a Buy rating on the shares ahead of the company’s Q4 earnings report due on Wednesday, March 4. While investors are seeking clearer evidence that Wix’s micro-business base won’t be disintermediated by LLM-native builders and agents, the multiple reset is “a gross overreaction,” the analyst contends in a preview.