Wix.Com is trading 4.2% down today at $51.12 after Morgan Stanley downgraded the stock and slashed its price target following a weak Q1 performance and restructuring news.
- Morgan Stanley cut its rating to Equal-Weight and lowered its price target from $112 to $60, reinforcing concerns over a reduced 2026 outlook.
- The company continues to face pressure from a surprise earnings miss and ongoing restructuring efforts involving significant workforce cuts.
- Slower growth in the Partners segment has added to investor anxiety regarding the company's long-term expansion strategy.