Wix.com Ltd (NASDAQ: WIX) started the week’s trading just over the $150 mark, though it has still been down 16% since its earnings report last Wednesday. The stock had been rallying into results but took a hit after missing on earnings, even as revenue came in above expectations. Guidance for the coming quarter was weaker than hoped, rattling investors and prompting a short-term sell-off.
Still, there are compelling reasons to believe the pullback is already overdone. With a solid revenue beat, strong forward bookings, continued product innovation, and aggressive buyback activity, the tech giant looks well-positioned to bounce back into the summer months.
