Flywire price target raised to $43 from $40 at Citi

Citi analyst Ashwin Shirvaikar raised the firm’s price target on Flywire to $43 from $40 and keeps a Buy rating on the shares. The company continued its solid execution in Q2, beating on revenue and adjusted EBITDA and raising the full year outlook on both metrics, the analyst tells investors in a research note. Flywire’s bookings continue to be strong, which provides further confidence that the solid results should continue, says Citi.