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  "docSlug": "jarvis-starboard-value-wix-presentation-october-2022",
  "documentTitle": "Starboard Value Wix Presentation October 2022",
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  "presentationDate": "2022-10-01 00:00:00",
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  "notes": "Uses two green dashed-border callout boxes to highlight key financial projections.",
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      "kind": "callout",
      "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": "We believe FCF per share can be significantly higher if Wix's 2025 growth + profit is 40%+",
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      "text": "Source: Starboard estimates.",
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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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      "kind": "title",
      "text": "Wix Has Significant Upside Potential",
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