Hannes Leitner, an analyst from Jefferies, maintained the Buy rating on Wise PLC Class A (WISE – Research Report). The associated price target remains the same with p1,247.00.
Hannes Leitner has given his Buy rating due to a combination of factors including the promising trends observed in Wise PLC’s financial performance and strategic positioning. The February JefData WATT trends have led to some adjustments in expectations for the fourth fiscal quarter, particularly with a decrease in active customers but an increase in value per customer. Despite these adjustments, Wise is still on track to meet its fiscal year 2025 guidance.
Additionally, the upcoming Capital Markets Day, which is the first since Wise’s listing four years ago, is anticipated to be a significant event. This event is expected to provide valuable insights into Wise Platforms and its growth opportunities, potentially acting as a catalyst for the company’s future performance. These factors combined have contributed to the positive outlook and Buy rating from Hannes Leitner.
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