Flywire price target lowered to $31 from $46 at Seaport Research

Seaport Research lowered the firm’s price target on Flywire to $31 from $46 and keeps a Buy rating on the shares. The firm believes the mid-term and long-term outlook is more positive than it seems, arguing the key performance indicators moving down in the near term are likely more transitory than structural, the analyst tells investors. Overall, the firm believes that “when the dust settles,” it will see a buying opportunity here.