Wells Fargo lowered the firm’s price target on Flywire to $25 from $30 and keeps an Overweight rating on the shares. The firm notes management was clear that the full year guide down was solely a function of FX and not organically related. While Wells understands investor patience has worn thin, fundamentally, management’s story is consistent.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLYW:
- Flywire Releases Strategic Investor Presentation Update
- Flywire to Announce First Quarter 2024 Results on May 7, 2024
- Flywire price target lowered to $36 from $37 at Citi
- Flywire Partners with VTEX to Deliver Integrated Payment Experience to Higher Education Institutions across Latin America
- Flywire partners with VTEX to deliver ingrated payment experience