Flywire price target raised to $21 from $16 at Raymond James

Raymond James raised the firm’s price target on Flywire (FLYW) to $21 from $16 and keeps an Outperform rating on the shares. Flywire delivered strong Q1 results with meaningful EBITDA and revenue upside driven by broad-based strength including education expansion, raised full-year revenue and EBITDA guidance, and improved payment processing contributions, though near-term margin pressure from reinvestment tempers Q2 earnings expectations even as execution and new signings support an improved growth outlook and potential estimate upside, the analyst tells investors in a research note.