Wix.com rises after announcing equity investment

Wix.com WIX.O shares gain 7.2% to $79.70 in premarket trading

The web development platform announced a $250 mln equity investment led by Durable Capital Partners and provided a 2026 revenue growth outlook in the mid-teens percentage range

Co's also posted Q4 revenue rose 14% y/y to $524 mln, slightly missing the consensus estimate of $527.82 mln, per data compiled by LSEG

WIX stock has sunk about 28.4% year-to-date, underperforming the Nasdaq Composite Index's .IXIC 3.1% fall during the same period

Wall Street's median price target is $147.21, implying ~98% upside from the stock's last close; 21 of 23 analysts rate the stock "buy" or "strong buy"