After Earnings, Is a Comeback for Wix Stock in Sight?
Wix's (NASDAQ: WIX) stock price fell slightly in Thursday trading following the release of its third-quarter earnings report on Wednesday, Nov. 10. The Israeli e-commerce platform company topped estimates and raised its outlook after reducing forecasts in the August report.
Nonetheless, the reaction to earnings could point to continuing concerns about its competitive edge. The question for investors hinges on whether Wix has become a buy or if they should brace for further declines in the tech stock.
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Source Fool.com
