Wix.com Ltd. (NASDAQ:WIX) is one of the the most promising cloud stocks according to analysts. Taking advantage of its share price decline over the past year, management at Wix.com Limited (NASDAQ:WIX) announced a $2 billion share buyback program on January 28th. Although this comes amid analysts lowering their price targets on the stock. On January 15, Morgan Stanley analyst Elizabeth Porter reiterated her buy rating on the stock while lowering her price target for the company from $181 to $160. The downwardly adjusted price target still offers an attractive upside of around 100% from current levels. This upside equals the average estimate of 25 analysts covering the stock.

In a forward-looking note covering the group, the analyst noted that application software-as-a-service companies underperformed both the global technology sector in 2025 and the broader software sector. However, the company noted that evidence is increasingly suggesting that the risk linked to AI may turn out to be less serious than initially expected. This view supports a more constructive view of application software-as-a-service stocks heading into 2026. At the same time, the analyst also cautioned that the continued absence of widespread positive revisions to client spending forecasts is limiting enthusiasm.

In addition to Morgan Stanley, Citi maintained its buy rating and $150 price target on the stock on Jan. 14. The company’s price target implies 87% upside from current levels, consistent with Wall Street analysts’ average estimate of 99.6%.

The fall in shares over the past year has seen the stock drop to attractive levels, so much so that it is now a cheap stocks based on forward P/E with great upside potential according to analysts.

Wix.com Ltd. (NASDAQ:WIX) provides a cloud-based web development platform for registered users and creators worldwide. It offers Wix Studio, Wix Editor, Velo by Wix, Wix App Market, Wix Marketplace, the Spaces by Wix mobile app, and Wix Customer Care. The company was founded in 2006 and is headquartered in Tel Aviv, Israel.

While we recognize WIX’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

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Disclosure: no. This article is originally published in Monkey Insider.