Seaport Research analyst Jeff Cantwell lowered the firm’s price target on Flywire to $26 from $31 and keeps a Buy rating on the shares. The company recently reported Q2 results, with updates made to Q3 and FY24 guidance, the analyst tells investors. Top line growth will be impacted in the near term due to incremental headwinds in Canada and education, but Flywire is increasing its focus on driving better profitability to help manage this, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLYW:
- Flywire Releases Investor Presentation with Future Insights
- Flywire Acquires Invoiced to Bolster its Global B2B Payment Network with Award-winning Accounts Receivable SaaS Platform
- Flywire to Announce Second Quarter 2024 Results on August 6, 2024
- Flywire expands its capabilities in India by partnering with HDFC Credila
- Flywire partners with HDFC Credila to streamline cross-border education loan payments from India