Morgan Stanley raised the firm’s price target on Flywire (FLYW) to $21 from $20 and keeps an Equal Weight rating on the shares. Stable Q3 results coupled with “constructive commentary” on 2025 increase the firm’s confidence that Flywire can deliver low- to mid-20s growth at high incremental margins, the analyst tells investors in a post-earnings note.
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Read More on FLYW:
- Flywire’s Financial Stability at Risk: Legal Challenges and Stockholder Activism Amid Volatile Markets
- Flywire price target raised to $23 from $22 at Deutsche Bank
- Flywire Corporation Reports Strong Q3 2024 Growth
- Flywire reports Q3 total payments volume up 24.2%
- Flywire sees Q4 revenue $121M-$129M, consensus $123.4M