Wise PLC Class A (WISE – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Buy rating on the stock and has a p1,247.00 price target.
Hannes Leitner has given his Buy rating due to a combination of factors that reflect Wise PLC’s performance and market position. The company’s recent fiscal quarter results were consistent with expectations, aligning with the preliminary figures shared during their Capital Markets Day. This consistency in performance, particularly in terms of transaction volume, indicates strong operational execution.
Despite a slight decrease in the take rate, which was attributed to a shift towards larger volume per customer, the overall transaction volumes for both personal and business segments exceeded expectations. This suggests that Wise PLC is effectively capturing market share and managing customer relationships, which supports the positive outlook and the Buy rating.
In another report released on April 4, Berenberg Bank also maintained a Buy rating on the stock with a p1,240.00 price target.