Flywire price target raised to $35 from $30 at Wells Fargo

Wells Fargo raised the firm’s price target on Flywire to $35 from $30 and keeps an Overweight rating on the shares. With the +30% full year growth guide inclusive of a 3pt h/w from Canadian regulations and 125% NRR in 2023, the firm thinks the near-term debate around competitive dynamics in education or Flywire’s sustainable growth rate is over.