Analyst Hannes Leitner of Jefferies maintained a Buy rating on Wise PLC Class A (WISE – Research Report), retaining the price target of p1,247.00.
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Hannes Leitner’s rating is based on several compelling factors that highlight Wise PLC’s strategic direction and market positioning. The company is focusing on expanding its B2B FinTech services through Wise Platforms, which sets it apart from competitors like Revolut that are pursuing a broader neo-banking model. This strategic focus allows Wise to capitalize on its strengths in the card and foreign exchange business, while also exploring new growth opportunities in the B2B sector.
Additionally, Wise’s performance metrics and future projections appear favorable when compared to industry peers. The company’s ability to maintain a distinct market niche and its potential for growth in the B2B space contribute to a positive outlook. These elements combined suggest that Wise is well-positioned to deliver value to shareholders, justifying the Buy rating assigned by Hannes Leitner.
In another report released on May 30, UBS also maintained a Buy rating on the stock with a £13.00 price target.
Based on the recent corporate insider activity of 77 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.