Wix.com Limited (NASDAQ:WIX) is one of the 10 beaten-down technology stocks that could bounce back in 2026.
On February 23, Jefferies reduced its price target on Wix.com Limited from $200 to $130. The firm reaffirmed a Buy rating on the stock, which still offers an impressive upside potential of over 82% despite the price target revision.
The firm notes that application software companies have experienced steeper declines compared to the broader software sector. It anticipates negative sentiment to prevail amid AI-related risks.
On February 17, Wix.com Limited and Intuit (INTU) announced a broadened alliance aimed at delivering a more integrated platform for small businesses. Ilan Shaki, GM of Channels at Wix, stated:
“Wix and QuickBooks are intrinsically complementary, and by joining forces, we can provide immense value and deliver a comprehensive end-to-end business solution for our shared users, we’re bringing together Intuit’s extensive QuickBooks SMB customer base and deep financial management expertise with Wix’s industry-leading website creation and eCommerce capabilities, co-creating an experience that delivers unprecedented value to mutual and future users. This partnership reflects our shared vision of simplifying business management for users worldwide.”
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Wix.com Limited is a cloud-based web development platform that allows registered users to manage and grow their online businesses through AI-enabled tools. The company offers various services such as Wix Editor, Wix Studio Velo by Wix, Wix App Market, Wix marketplace and more.
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