Analysts at Berenberg Bank provided their views on Wix.com Ltd. (NASDAQ:WIX), seeing the company as well-positioned for the long term, benefiting from multiple trends, such as a broader shift in commerce (offline to online), increased digital penetration, and shift toward no-code platforms.

According to the analysts, the company’s growth opportunity (revenue reacceleration or margin uplift prospects) is not priced in the stock price, which is down more than 30% since Q4 results. Q4 earnings and Q1 outlook trailed Street expectations and the Russia/Ukraine conflict has also added to investors’ concerns.

Regarding Ukraine, the analysts think the company should be able to manage its operations without much disruption as it relies on a global talent pool. Accounting for softer-than-expected Q4 results and Q1 guidance, the analysts have lowered their estimates and price target to $185 from $269, while maintaining their bullish long-term view and reiterating their buy rating.