Hannes Leitner, an analyst from Jefferies, maintained the Buy rating on Wise PLC Class A (WISE – Research Report). The associated price target was lowered to p1,247.00.
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Hannes Leitner’s rating is based on a combination of factors that reflect a positive outlook for Wise PLC Class A. Following a meeting with the new CFO, Emmanuel Thomassin, there is an optimistic sentiment due to the company’s commitment to enhancing transparency in its platform operations and fostering open market communication.
The CFO also offered insights into the company’s recent activities in the United States, including handling regulatory challenges such as the CFPI fine and closing their Tampa office. These actions, along with the current performance of Wise’s US business, contribute to a favorable long-term perspective, justifying the Buy rating assigned by Hannes Leitner.
Based on the recent corporate insider activity of 79 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.