Goldman Sachs Maintains Buy on Flywire, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has maintained a Buy rating on Flywire (NASDAQ:FLYW) but has reduced the price target from $33 to $29.
January 11, 2024 | 1:15 pm
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Goldman Sachs reaffirms a Buy rating on Flywire but lowers the price target to $29, indicating a positive outlook with a more conservative valuation.
While the Buy rating suggests confidence in Flywire's fundamentals and growth prospects, the reduction in price target may reflect a more cautious view on valuation or market conditions. This could lead to mixed reactions in the short term, as investors appreciate the positive rating but also consider the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100