Truist raised the firm’s price target on Flywire (FLYW) to $16 from $15 and keeps a Buy rating on the shares as part of a broader research note updating the firm’s models on Payments names after their Q3 results. The firm is raising its Q4 revenue forecast by 4% due to a more favorable outlook for the education business as well as a greater inorganic contribution from Sertifi, the analyst tells investors in a research note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLYW:
- Flywire price target raised to $16 from $14 at Goldman Sachs
- Flywire’s Earnings Call: Strong Growth Amid Challenges
- Flywire price target raised to $15.50 from $13.50 at UBS
- Balanced Outlook: Flywire’s Strong Performance and Macroeconomic Caution Justify Hold Rating
- Flywire’s Strong Performance and Attractive Valuation Justify Buy Rating Despite International Challenges