Analyst Hannes Leitner of Jefferies maintained a Buy rating on Wise PLC Class A, retaining the 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 positive momentum for Wise PLC Class A. One key aspect is the anticipated customer growth, which is expected to surpass market expectations. This growth is a crucial indicator of the company’s expanding market presence and potential for increased revenue streams.
Additionally, while there are some concerns about the impact of currency fluctuations, particularly a weaker USD, on total payment volumes and income, the overall outlook remains positive. The confidence in Wise’s performance is further bolstered by data insights that suggest a favorable trend in business customer acquisition, which could enhance the company’s financial performance in the upcoming fiscal periods.
In another report released on July 3, Goldman Sachs also reiterated a Buy rating on the stock with a p1,420.00 price target.
Based on the recent corporate insider activity of 74 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.