
Needham has reiterated its 'Buy' ratings on both Taiwan Semiconductor Manufacturing Company (TSMC) and Arista Networks, maintaining price targets of $225 and $145, respectively. In other corporate news, Wix (NASDAQ: WIX) reported its Q4 2024 results, achieving an adjusted EPS of $1.93 and revenue of $460.46 million. This marks Wix's first-ever positive GAAP operating income, attributed to accelerated revenue growth, strong momentum in AI-driven products, and cost efficiencies. Wix's pre-market shares rose by 4.5% following the announcement, and the company projects total bookings for 2025 to be approximately $2.06 billion, reflecting an expected year-over-year increase of 11% to 13%, despite a forecasted foreign exchange headwind of around $45 million.
$WIX Guidance: "For the full year, we expect total bookings of 2025 to [ $2,060 ] million on an as-reported basis, up 11% to 13% year-over-year. We expect an FX headwind of approximately $45 million for the full year following changes in primarily U.S. dollar to euro and British… https://t.co/7V6KtoKvkx
Wix continues to grow its market share within the overall CMS space. 2015 Revenue: $204 million 2024 Revenue: $1.76 billion $WIX https://t.co/oZO3Ye3S21
$WIX (+4.5% pre) Wix (NASDAQ:WIX) Posts Q4 Sales In Line With Estimates, Outlook For Next Year Is Optimistic https://t.co/792duiKHWf
