In a report released today, Hannes Leitner from Jefferies maintained a Buy rating on Wise PLC Class A, with 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 observed increase in customer growth expectations, which have risen following stronger-than-anticipated trends in the second fiscal quarter. This uptick in customer numbers indicates that Wise’s strategic investments and marketing initiatives are beginning to yield results.
Additionally, Leitner notes that the expansion of the Wise Platform and the base effect could potentially lead to accelerated growth in the future. These elements combined suggest that Wise PLC is well-positioned to capitalize on its current momentum, making it a promising investment opportunity. Therefore, the Buy rating reflects confidence in the company’s ability to sustain and enhance its growth trajectory.
According to TipRanks, Leitner is a 4-star analyst with an average return of 12.8% and a 56.57% success rate. Leitner covers the Technology sector, focusing on stocks such as Adyen, Wise PLC Class A, and BOKU.