Hannes Leitner, an analyst from Jefferies, maintained the Buy rating on Wise PLC Class A. The associated price target remains the same with p1,299.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that highlight Wise’s improving operating momentum and attractive growth profile. He points to proprietary app-download data for February, which signals robust user activity and confirms a recent pick-up in customer acquisition, supporting revenue expansion running materially ahead of the company’s own guidance.
At the same time, Wise has delivered uncommon positive earnings revisions versus other payment peers, yet the share price has largely moved sideways, which he attributes in part to noise around the change in primary listing. This disconnect between strengthening fundamentals and muted share performance leads him to see a compelling valuation opportunity, underpinning his positive stance on the stock.
According to TipRanks, Leitner is a 4-star analyst with an average return of 11.1% and a 56.52% success rate. Leitner covers the Technology sector, focusing on stocks such as Adyen, Wise PLC Class A, and BOKU.
In another report released on March 4, J.P. Morgan also maintained a Buy rating on the stock with a p1,225.00 price target.