William Blair analyst Christopher Kennedy has reiterated their bullish stance on FLYW stock, giving a Buy rating today.
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Christopher Kennedy has given his Buy rating due to a combination of factors that highlight Flywire’s strong financial performance and growth potential. The company’s shares have surged over 20% following better-than-expected results for the June quarter, with revenue and adjusted EBITDA surpassing estimates. This performance, coupled with a trading price that is at a discount compared to similar recent acquisitions, underscores the stock’s attractiveness.
Moreover, Flywire’s management has maintained its guidance for significant revenue growth in 2025, supported by both organic and inorganic factors, such as the acquisition of Sertifi. The company is also focused on improving its EBITDA margin through operational efficiencies, including a workforce reduction. Despite some challenges in the education sector, Flywire’s strategic initiatives and the positive trajectory of its recent acquisition suggest a promising outlook, justifying the Buy rating.
In another report released today, Raymond James also reiterated a Buy rating on the stock with a $18.00 price target.
Based on the recent corporate insider activity of 46 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 FLYW in relation to earlier this year.