WIX Stock Surges 27.9% Year to Date: Will the Rally Continue?

WIX's first-quarter total revenues increased 12% year over year to $419.8 million and beat the Zacks Consensus Estimate of$417.7 million. Solid growth in bookings and revenues led to strong free cash flow performance. Free cash flow was $105.7 million compared with$25 million in the year-ago quarter. The Zacks Consensus Estimate for WIX's 2024 and 2025 revenues is pegged at $1.75 billion and$1.99 billion, respectively, which indicates growth of 12.2% and 13.3% from the year-ago levels. Growth Catalysts I ...