Flywire downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded Flywire (FLYW) to Hold from Buy with a price target of $16, down from $26. The company missed on Q4 revenue less ancillary services and provided a “disappointing” fiscal 2025 guide calling for 12% growth at the midpoint, which sharply contrasted with management’s commentary on the Q3 earnings call and at public conferences in December, the analyst tells investors in a research note. The firm says the main drivers of the weak outlook were the usual suspects, namely Canada and Australia.