Hannes Leitner, an analyst from Jefferies, maintained the Buy rating on Wise PLC Class A. The associated price target remains the same with p1,231.00.
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Hannes Leitner’s rating is based on Wise PLC’s strategic expansion of its partnership with Google Pay, which enhances its position in the competitive remittance market. This collaboration allows Wise to be a key provider in Google’s new remittance experience, offering US Google Pay users the ability to compare rates and fees for international transactions to high-demand destinations like India, Mexico, Brazil, and the Philippines.
The transparency and convenience offered by Wise in this partnership are expected to attract more users, as they can easily compare transaction fees and speeds. This strategic move not only strengthens Wise’s market presence but also aligns with the growing demand for efficient and cost-effective international payment solutions, supporting the Buy rating given by Hannes Leitner.
In another report released on August 9, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p1,188.00 price target.