12 Best Technology Stocks According to Wall Street Analysts

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

Number of Hedge Fund Holders: 50

Average Upside Potential as of June 19: 45.11%

Wix.com Ltd. (NASDAQ:WIX) is one of the best technology stocks according to Wall Street analysts. On June 18, Wix.com announced its acquisition of Base44. The acquisition aims to expand Wix’s AI portfolio and its suite of intelligent solutions to empower a range of users to build and grow their online presence.

The deal involves an initial payment of ~$80 million from Wix, along with additional earn-out payments through 2029 that are contingent on certain performance metrics. While the acquisition is not expected to impact Wix’s 2025 revenue or bookings, Wix plans to allocate ~$25 million for retention bonuses to the Base44 team in 2025 to ensure continuity and integration of their expertise.

Base44’s platform features a fully automated and chat-based interface that manages backend technical details like databases, authentication, and deployment. This eliminates the need for third-party integrations or manual setup. The company has already demonstrated market traction through B2B partnerships with companies like eToro and SimilarWeb.

Wix.com Ltd. (NASDAQ:WIX) operates a cloud-based web development platform for registered users and creators worldwide. Base44 is an AI-powered platform for creating fully functional, custom software solutions and applications using natural language, without the need for traditional coding.

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