Jefferies analyst Hannes Leitner has maintained their bullish stance on WISE stock, giving a Buy rating on March 31.
Hannes Leitner has given his Buy rating due to a combination of factors including Wise PLC’s strong performance in key financial metrics. The company reported a 27% increase in Total Payment Volume (TPV) for the fourth quarter, reaching £39 billion, which was 3% ahead of expectations. This growth indicates robust operational momentum.
Additionally, Wise’s underlying Profit Before Tax (uPBT) for the second half was £125 million, with an 18% margin, surpassing the target range by 4%. The announcement of a share buyback program, amounting to approximately £250 million or 2.5% of the market cap, further supports the positive outlook. Looking ahead, Wise has set ambitious targets for FY26, aiming for 15-20% growth in underlying Total Income and a 17% uPBT margin, which underpins the Buy rating.
In another report released on March 31, J.P. Morgan also initiated coverage with a Buy rating on the stock with a £12.42 price target.
Based on the recent corporate insider activity of 79 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.