Analyst Hannes Leitner of Jefferies maintained a Buy rating on Wise PLC Class A (WISE – Research Report), retaining the price target of p1,247.00.
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Hannes Leitner’s rating is based on a combination of factors that highlight Wise PLC’s strong potential for growth and stability. The company’s recent financial disclosures, including key performance indicators and balance sheet data, suggest a solid foundation for future expansion. Leitner is particularly optimistic about the company’s ability to maintain its momentum in the payments and fintech sector, despite limited near-term earnings revisions.
Furthermore, the geographical distribution of Wise’s user base and the strategic insights shared during their Capital Markets Day indicate a promising outlook. The anticipation of upcoming results and commentary on listing rules also contribute to a positive long-term view. These elements collectively underpin Leitner’s confidence in Wise PLC’s stock, leading to the Buy rating.
In another report released on May 20, J.P. Morgan also maintained a Buy rating on the stock with a £13.75 price target.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WISE in relation to earlier this year.