Wise PLC Class A (WISE – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Buy rating on the stock and has a p1,247.00 price target.
Hannes Leitner has given his Buy rating due to a combination of factors including Wise PLC’s strategic initiatives and growth potential. The company is making significant strides with its Wise Platform, which has recently seen successful partnerships with major banks like Morgan Stanley. This collaboration not only boosts confidence in the platform’s capabilities but also opens up further opportunities for expansion, as evidenced by the growing interest from other banks.
Additionally, Wise is actively expanding its geographical presence, which is expected to enhance its market reach and operational efficiency. The company’s efforts to establish direct connections and secure money licenses in new regions are likely to contribute positively to its long-term growth. Despite some short-term margin pressures, the overall outlook remains promising, supporting the Buy rating.
According to TipRanks, Leitner is ranked #1058 out of 9407 analysts.