Wise PLC Class A, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Buy rating on the stock and has a p1,299.00 price target.
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Hannes Leitner has given his Buy rating due to a combination of factors that support Wise’s medium‑term equity story despite technical headwinds. He acknowledges that the change of primary listing to Nasdaq will trigger passive selling from some existing indices, but emphasizes that these outflows should be phased over two to three years rather than abrupt, limiting immediate pressure on the share price.
At the same time, he highlights that Wise is likely to remain in key benchmarks such as MSCI Developed Markets and FTSE All‑World for an extended period, preserving substantial index-related demand while the company pursues potential eligibility for major U.S. indices. This index transition window, together with the intact fundamentals, underpins his conviction, so he reiterates his Buy recommendation and keeps his price target unchanged at $1299.