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  "docSlug": "b2898144f996",
  "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)",
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  "authorName": "Starboard Value",
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  "presentationDate": "2022-10-19 00:00:00",
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      "text": "We believe FCF per share can be significantly higher if Wix’s 2025 growth + profit is 40%+",
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      "text": "Achieving Wix’s margin target will drive $6 - $7 of FCF per share in 2025... Implying Wix trades at 10x - 12x PF FCF",
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      "text": "If Wix is able to improve its combination of growth + profitability to at least be in-line with the Company’s stated goal, we believe there is substantial upside from today’s prices.",
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