B. Riley analyst Hal Goetsch lowered the firm’s price target on Flywire (FLYW) to $17 from $29 and keeps a Buy rating on the shares. The company’s guidance after the Q4 report called for a sharp slowdown versus its prior long-term growth trajectory, the analyst tells investors in a research note. The firm says Flywire’s revenue forecasts have been disrupted by ongoing impacts in the Canadian and Australian education market, along with new concerns for visa issuance in the U.S.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLYW:
- Flywire, Avanse Financial announces strategic partnership
- Flywire downgraded to Peer Perform from Outperform at Wolfe Research
- Flywire downgraded to Underweight from Neutral at JPMorgan
- Flywire announces newly deployed integrations with Ellucian
- Flywire price target lowered to $11 from $15 at Goldman Sachs
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue