Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Wix.com Ltd. recently concluded its 2024 financial year with notable accomplishments and challenges that investors should carefully consider.</li>
<li>Throughout the year, Wix demonstrated strong growth across key metrics and initiatives but also faced some headwinds that could impact future performance.</li>
<li>On the positive side, Wix achieved significant milestones in both bookings and revenue.</li>
</ul>


Wix.com Ltd. recently concluded its 2024 financial year with notable accomplishments and challenges that investors should carefully consider.
Throughout the year, Wix demonstrated strong growth across key metrics and initiatives but also faced some headwinds that could impact future performance.
On the positive side, Wix achieved significant milestones in both bookings and revenue.


Wix.com Ltd.: AI-Driven Product Enhancements Are Boosting Conversion Rates But Will This Last?

<ul>
<li>Wix, the leading platform enabling users and businesses to create and manage online presence, has reported its second quarter results for the financial year 2024, showcasing considerable financial and strategic achievements, along with disclosing its enhanced focus on AI and commerce capabilities to bolster growth.</li>
<li>The company's revenue growth stood at 12%, hitting $436 million, and bookings observed a 15% year-over-year increase, reaching $458 million.</li>
<li>This bookings growth is an acceleration from the 10% seen in Q1, indicating a strengthening demand for Wix's offerings.</li>
</ul>


Wix, the leading platform enabling users and businesses to create and manage online presence, has reported its second quarter results for the financial year 2024, showcasing considerable financial and strategic achievements, along with disclosing its enhanced focus on AI and commerce capabilities to bolster growth.
The company's revenue growth stood at 12%, hitting $436 million, and bookings observed a 15% year-over-year increase, reaching $458 million.
This bookings growth is an acceleration from the 10% seen in Q1, indicating a strengthening demand for Wix's offerings.


Wix.com Ltd.: Will Their Expanding Offering in Commerce & Payment Solutions Be A Game Changer?

<ul>
<li>In the Q1 2024 earnings, Wix.com Ltd.'s management shared a very positive outlook based on the company's recent financial results, strategic initiatives, and product advancements.</li>
<li>Key achievements included stronger-than-expected Q1 growth, with booking growing to over $457 million and revenue reaching $420 million, exceeding the company's previous guidance.</li>
<li>This performance led to free cash flow growth to more than $111 million.</li>
</ul>


In the Q1 2024 earnings, Wix.com Ltd.'s management shared a very positive outlook based on the company's recent financial results, strategic initiatives, and product advancements.
Key achievements included stronger-than-expected Q1 growth, with booking growing to over $457 million and revenue reaching $420 million, exceeding the company's previous guidance.
This performance led to free cash flow growth to more than $111 million.


Wix.com Ltd. - Improved Monetization Leading to Increasing ARPS! - Major Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Our outlook remains bullish on MSCI ACWI. Discussed in latest Int’l Compass (1/9/2025) how viewed the pullback as buying opportunity and were watching for $116-$117 support to hold on ACWI-US.</li>
<li>$116 support held perfectly and we expect upside to continue following 1+ month bull flag breakouts, followed by successful retests of support, on ACWI-US and the S&amp;P 500.</li>
<li>We also upgraded Germany to overweight last week, with RS on the DAX breaking out from a 2-year base. U.S. (SPX) and Germany are our only two country overweights.</li>
</ul>


Our outlook remains bullish on MSCI ACWI. Discussed in latest Int’l Compass (1/9/2025) how viewed the pullback as buying opportunity and were watching for $116-$117 support to hold on ACWI-US.
$116 support held perfectly and we expect upside to continue following 1+ month bull flag breakouts, followed by successful retests of support, on ACWI-US and the S&amp;P 500.
We also upgraded Germany to overweight last week, with RS on the DAX breaking out from a 2-year base. U.S. (SPX) and Germany are our only two country overweights.


Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI ACWI Ex-US and EAFE

<ul>
<li>Wix reported strong Q4 2023 earnings underpinned by its pivot to AI innovation.</li>
<li>2023 was a year of significant progress for the firm as it demonstrated robust growth, reaching record profitability levels.</li>
<li>With the focus on AI, Wix introduced an array of AI-powered features that would help users create web content more efficiently, resulting in improved monetization and heightened user conversion rates.</li>
</ul>


Wix reported strong Q4 2023 earnings underpinned by its pivot to AI innovation.
2023 was a year of significant progress for the firm as it demonstrated robust growth, reaching record profitability levels.
With the focus on AI, Wix introduced an array of AI-powered features that would help users create web content more efficiently, resulting in improved monetization and heightened user conversion rates.


Wix.com Ltd.: A Story Of Product Enhancements & Innovations Fueled by AI! - Major Drivers

Israel

Wix.com Ltd. operates and develops a web platform. The Company's platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms.

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Wix.Com Ltd (WIX US)

Wix.com Ltd.: AI-Driven Product Enhancements Are Boosting Conversion Rates But Will This Last?

Wix.com Ltd. recently concluded its 2024 financial year with notable accomplishments and challenges that investors should carefully consider.

Baptista Research

Wix.com Ltd.: Will Their Expanding Offering in Commerce & Payment Solutions Be A Game Changer?

The company's revenue growth stood at 12%, hitting $436 million, and bookings observed a 15% year-over-year increase, reaching $458 million.

Baptista Research

Wix.com Ltd. - Improved Monetization Leading to Increasing ARPS! - Major Drivers

In the Q1 2024 earnings, Wix.com Ltd.'s management shared a very positive outlook based on the company's recent financial results, strategic...

Baptista Research

Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI ACWI Ex-US and EAFE

Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI $ACWI ex-US and $EAFE; U.S. Dollar $DXY and 10-Year Yields $TNX...

Vermilion Research

Wix.com Ltd.: A Story Of Product Enhancements & Innovations Fueled by AI! - Major Drivers

Wix reported strong Q4 2023 earnings underpinned by its pivot to AI innovation. 2023 was a year of significant progress for the firm as it...

Baptista Research

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