Is Wix Stock a Good Long-Term Investment?

Wix.com (NASDAQ: WIX), known for providing individuals and small businesses with the ability to create websites without technical expertise, saw its stock take a hit after second-quarter earnings were released on Aug. 10. After hovering around $300 per share in the weeks before earnings, the stock price dropped to a 52-week low of $171.37 as recently as Oct. 6.

The price drop followed the company's announcement that it's reducing 2021 full-year guidance. Does the decline in share price signal a buy opportunity, or is Wix a company to avoid?

To answer that question, let's look at the firm's current performance and its prospects. Then we can determine if Wix is a worthwhile investment over the long run.

Source Fool.com