Starboard believes there is substantial upside from its current price at Wix.com

Key summary:  In Oct 2022: Starboard voiced concerns about stock price drop. Sees potential for significant upside if company improves growth and profitability in line with its goals.

Market Cap: $4.5 billion | Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. 

On October 20, 2022, Starboard issued an investor presentation in which it expressed its concerns that the company's stock price had declined significantly and opined its belief that if the company were able to improve its combination of growth + profitability to at least be in-line with the Company’s stated goal, Starboard believed there was substantial upside from its current price.