Wisdomtree, Inc. (WT) has disclosed a new risk, in the Supply Chain category.
Wisdomtree, Inc. faces increased business risk due to potential inadequacies in the internal controls of third-party vendors. A recent notification revealed a deficiency in the internal controls of a software provider integral to Wisdomtree’s accounting operations. Although the company has implemented mitigating controls to address the current issue, future internal control failures by third-party vendors could materially impact Wisdomtree’s operations and financial reporting if not properly managed. This highlights the ongoing need for rigorous vendor oversight to safeguard company interests.
The average WT stock price target is $9.00, implying 17.80% upside potential.
To learn more about Wisdomtree, Inc.’s risk factors, click here.
