Goldman Sachs analyst Mohammed Moawalla reiterated a Buy rating on Wise PLC Class A (WISE – Research Report) today and set a price target of p1,420.00.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mohammed Moawalla has given his Buy rating due to a combination of factors that highlight Wise PLC’s strong market positioning and growth potential. The decision to move the primary listing to the US is a strategic step aimed at accessing greater liquidity and enhancing brand visibility, which are expected to drive growth in both the direct and platform businesses. This move is supported by the company’s shareholders and aligns with Wise’s focus on expanding in a market that represents a significant portion of its total addressable market (TAM).
Furthermore, Wise’s commitment to its FY26 guidance, which includes a 15-20% growth in underlying income and maintaining profit margins at the higher end of their medium-term targets, underscores its potential for financial growth. The company’s strategy to reinvest revenue and gross margin gains into price reductions aims to increase its penetration in the cross-border FX market, where it currently holds a small share. Wise’s robust technology platform is seen as a key driver in capturing more of this market, supporting the positive outlook and Buy rating from Moawalla.
In another report released on June 17, Jefferies also maintained a Buy rating on the stock with a p1,231.00 price target.