10 Most Promising Cloud Stocks According to Analysts

2. Wix.com Ltd. (NASDAQ:WIX)

Potential Upside: 71.97%

Number of Hedge Fund Holders: 71

Capitalizing on the decline in its share price over the past year, Wix.com Limited (NASDAQ:WIX) management announced a $2 billion share repurchase program on January 28. Although this comes amid analysts lowering their price targets on the stock. On January 15, Morgan Stanley analyst Elizabeth Porter reiterated her Buy rating on the stock while lowering the firm’s price target from $181 to $160. The downward-adjusted price target still offers an attractive upside of around 100% from the current levels. This upside is equal to the median estimate from 25 analysts covering the stock.

In a look-ahead note covering the group, the analyst highlighted that Application Software-as-a-Service companies underperformed both the overall technology sector in 2025 and the broader software sector. However, the firm pointed out that evidence increasingly suggests that the risk tied to AI may turn out to be less severe than originally expected. This view supports a more constructive outlook for the Application Software-as-a-Service stocks heading into 2026. At the same time, the analyst also cautioned that the ongoing absence of widespread positive revisions to customer spending forecasts is limiting enthusiasm.

In addition to Morgan Stanley, Citi maintained its Buy rating and $150 price target for the stock on January 14. The firm’s price target implies a further 87% upside from current levels, consistent with the median Wall Street analyst estimate of 99.6%.

The stock slump in the past one year has brought the stock down to attractive levels, so much so that it is now a cheap stock on forward P/E basis with huge upside potential according to analysts.

Wix.com Ltd. (NASDAQ:WIX) offers a cloud-based web development platform for registered users and creators worldwide. It provides Wix Studio, Wix Editor, Velo by Wix, Wix App Market,  Wix marketplace, Spaces by Wix mobile app, and Wix Customer Care. The company was founded in 2006 and is based in Tel Aviv, Israel.