Goldman Sachs raised the firm’s price target on Flywire (FLYW) to $16 from $14 and keeps a Neutral rating on the shares. The firm is very encouraged by Flywire’s results, as top line came in much better than expected, benefiting from strength in Australia, the early go live of a healthcare deal, and a modest pullforward of revenue due to the Chinese holiday calendar around quarter-end, the analyst tells investors in a research note. However, Goldman doesn’t view this as a clearing event, as the company is still seeing high teens declines in U.S. student enrollment.
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