Goldman Sachs Maintains Buy on Flywire, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance maintains a Buy rating on Flywire (NASDAQ:FLYW) but lowers the price target from $32 to $25.
May 09, 2024 | 12:42 pm
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Goldman Sachs maintains a Buy rating on Flywire but reduces the price target from $32 to $25.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Flywire's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any negative impact might be limited.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100