Wells Fargo Maintains Overweight on Flywire, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch maintains an Overweight rating on Flywire (NASDAQ:FLYW) but lowers the price target from $35 to $30.
May 06, 2024 | 2:06 pm
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Wells Fargo maintains an Overweight rating on Flywire but lowers the price target from $35 to $30.
The adjustment in price target by Wells Fargo, while maintaining an Overweight rating, suggests a continued positive outlook on Flywire but with moderated expectations. This could lead to a neutral short-term impact on the stock as the market digests the lowered price target against the backdrop of sustained confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100