Flywire price target raised to $18 from $17 at Raymond James

Raymond James raised the firm’s price target on Flywire (FLYW) to $18 from $17 and keeps an Outperform rating on the shares. Flywire’s Q2 results were strong, featuring “meaningful” adjusted EBITDA upside, the analyst tells investors in a research note. While the geopolitical landscape remains fluid, the firm is encouraged by the 200 new clients signed up and record global education quarterly annual recurring revenue.