In a report released today, Hannes Leitner from Jefferies maintained a Buy rating on Wise PLC Class A, with a price target of p1,231.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that suggest a positive outlook for Wise PLC Class A in the mid-term. Despite recent data indicating a slowdown in daily active users and a need for increased customer engagement, the company’s strategic marketing efforts have been significantly ramped up over the past two years. This suggests potential for future growth as these efforts begin to take effect.
Furthermore, while the upcoming financial results might show a decline in profit margins and customer growth, the overall outlook remains neutral in the short term. However, the constructive view over the mid-term reflects confidence in Wise PLC’s ability to leverage its increased marketing investments and improve its performance metrics, which supports the Buy recommendation.
In another report released on October 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p1,164.00 price target.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WISE in relation to earlier this year.