8 Oversold Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 53

Wix.com Ltd. (NASDAQ:WIX) is one of the oversold stocks to buy right now. On May 13, Wix reported a strong Q1 2026, with bookings of $585 million and revenue of $541 million, reflecting 15% and 14% year-over-year growth. Performance was supported by a 46% surge in new user cohort bookings and the continued success of the Base44 platform, which recently introduced new AI features like Superagents and Figma integration.

The company has shifted Wix Harmony to a proprietary in-house AI model, allowing for greater control over inference costs and improved platform speed. By reducing reliance on third-party technologies, Wix aims to enhance its long-term profitability and create a competitive advantage through its custom-built AI roadmap.

Management reiterated its positive outlook for 2026, citing stable margins and successful capital allocation, including the recent repurchase of nearly 30% of outstanding shares. Wix.com Ltd. (NASDAQ:WIX) continues to see strong momentum, with ARR reaching $150 million in May and high-impact investments successfully expanding its reach into new audiences.

Wix.com Ltd. (NASDAQ:WIX) provides a web development platform for creators, delivering services through a SaaS model. Its products include website templates, website builders, website designs, an app market, web hosting, domain names, website accessibility, a mobile app builder, and an AI website builder.

While we acknowledge the potential of WIX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WIX and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Oversold Stocks to Buy Right Now.

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