Flywire price target raised to $37 from $32 at Citi

Citi analyst Ashwin Shirvaikar raised the firm’s price target on Flywire to $37 from $32 and keeps a Buy rating on the shares following the Q4 report. The company posted strong results that included solid upside versus expectations for net revenues and adjusted EBITDA margin, with outperformance driven by strength in education and travel verticals and improvement in healthcare, the analyst tells investors in a research note. The firm increased estimates post the results.