William Blair analyst Christopher Kennedy has maintained their bullish stance on FLYW stock, giving a Buy rating today.
Christopher Kennedy has given his Buy rating due to a combination of factors that suggest potential for Flywire’s growth despite recent setbacks. The company has shown resilience with expanding EBITDA margins and achieving GAAP net income positivity in 2024, alongside generating significant adjusted free cash flow. These financial strengths provide a solid foundation for future growth.
Moreover, Flywire’s strategic acquisition of Sertifi is expected to enhance its capabilities in the travel sector, potentially driving additional revenue growth. Although there are challenges, such as the decline in net revenue retention and macroeconomic pressures affecting markets like Canada and Australia, Kennedy sees these as temporary hurdles. The company’s proactive measures, including workforce reduction and business portfolio optimization, are aimed at improving productivity and returns, supporting the Buy rating.
According to TipRanks, Kennedy is ranked #5824 out of 9385 analysts.
In another report released today, Raymond James also maintained a Buy rating on the stock with a $17.00 price target.