Jefferies analyst Hannes Leitner maintained a Buy rating on Wise PLC Class A today and set a price target of p1,231.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that suggest a positive outlook for Wise PLC Class A. One of the key reasons is the stabilization of Wise’s customer growth at a high rate, which indicates a strong market presence despite the lack of immediate market expansion efforts. This steady growth is a promising sign for the company’s future performance.
Additionally, while the current sentiment around Wise is mixed due to the absence of short-term catalysts, the long-term potential of Wise Platforms appears to be developing positively. Furthermore, the role of stablecoins is seen as both a challenge and an opportunity, which will be closely monitored. These elements collectively contribute to the Buy rating, reflecting confidence in Wise’s ability to capitalize on its long-term opportunities.
Leitner covers the Technology sector, focusing on stocks such as Wise PLC Class A, Adyen, and Worldline. According to TipRanks, Leitner has an average return of 16.3% and a 66.46% success rate on recommended stocks.
In another report released on August 19, J.P. Morgan also reiterated a Buy rating on the stock with a p1,380.00 price target.