Flywire should be bought on post-earnings weakness, says Citi

Citi lowered the firm’s price target on Flywire to $36 from $43 and keeps a Buy rating on the shares post the Q3 report. The analyst says the company’s ability to generate robust 30% revenue growth is unchanged while Flywire is beating EBITDA expectations. The Q3 revenue miss is a temporary hit to sentiment, not indication of permanently lowered growth expectations, the analyst tells investors in a research note. As such, the firm would use any share weakness as an opportunity to buy.