Wells Fargo analyst Jeff Cantwell raised the firm’s price target on Flywire to $35 from $30 and keeps an Overweight rating on the shares. The firm cites a strong 2023 guide, highlighted by better-than-expected revenue and adjusted EBITDA. Long-term algorithm remains intact in Wells’ view.
Published first on TheFly
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Read More on FLYW:
- Flywire Reports Fourth Quarter and Fiscal-Year 2022 Financial Results
- Flywire reports Q4 EPS (1c), consensus (10c)
- Flywire partners with FranConnect to provide B2B payments solution
- Flywire Partners with FranConnect to Provide Integrated B2B Payments Solution to the Franchise Industry
- Flywire initiated with an Equal Weight at Morgan Stanley
