Goldman Sachs analyst Ajay Patel has reiterated their bullish stance on WISE stock, giving a Buy rating yesterday.
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Ajay Patel has given his Buy rating due to a combination of factors that highlight Wise PLC’s strong positioning in the financial technology sector. The company is recognized for its innovative platform that facilitates cross-border transactions, which is increasingly becoming a vital component of the global financial network.
Patel also notes that Wise PLC’s strategic initiatives to embed itself deeper into the cross-border money network are underappreciated by the market, providing a significant growth opportunity. Additionally, the company’s robust financial performance and potential for expansion into new markets further support the Buy rating.
In another report released yesterday, Berenberg Bank also maintained a Buy rating on the stock with a p1,270.00 price target.
Based on the recent corporate insider activity of 73 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.