Wise PLC: Strategic Growth Potential and Competitive Edge Justify Buy Rating

Jefferies analyst Hannes Leitner maintained a Buy rating on Wise PLC Class A (WISE – Research Report) today and set a price target of p1,231.00.

Hannes Leitner has given his Buy rating due to a combination of factors that highlight Wise PLC’s potential for growth and competitive advantage. One of the key reasons is the significant opportunity presented by the Wise Platform, which is expected to drive future growth. Additionally, there is an anticipation of a steady customer growth rate, which, coupled with efficiency-driven price reductions, is likely to strengthen Wise’s competitive position in the market.
Despite some challenges such as foreign exchange headwinds, particularly with the USD, the overall outlook remains positive. Leitner’s analysis suggests that these factors, combined with strategic adjustments, position Wise PLC favorably in the long term, justifying the Buy rating despite a slight reduction in price target estimates.

In another report released on June 12, Berenberg Bank also maintained a Buy rating on the stock with a £12.70 price target.