Flywire initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Flywire with an Outperform rating and $25 price target. The analyst cites the stock’s 43% selloff since the August highs and the company’s “hard-to-replicate” high average ticket model for the Outperform rating. The firm finds Flywire’s valuation attractive at current levels and sees sustained high payment volume through 2025.