In a report released on May 8, Will Nance from Goldman Sachs maintained a Buy rating on Flywire (FLYW – Research Report), with a price target of $25.00.
Will Nance has given his Buy rating due to a combination of factors that suggest the company’s potential outweighs current headwinds. Despite the reduced full-year outlook influenced by foreign exchange fluctuations and minor challenges in the Canadian market, the underlying strengths of Flywire remain intact. Nance is particularly encouraged by Flywire’s steady client acquisition rate and ongoing margin improvements. He believes that these elements, along with robust cohort growth in the education sector, will contribute to a resilient growth pattern in the short term.
Moreover, Nance sees the recent downward guidance, mostly attributable to foreign exchange factors, as a temporary setback. He points out that the visibility of Flywire’s revenues has improved since resolving the issues in Canada, setting the stage for a more favorable end-of-year performance. With the company’s stock trading at approximately 15 times the 2025 EBITDA estimates, Nance considers this valuation attractive for a market leader with low customer churn, resistance to economic cycles, and a specialized market presence. He anticipates that Flywire’s continued scaling of revenue and margins will enhance valuation support and drive stock prices up over time.
In another report released on May 8, Citi also maintained a Buy rating on the stock with a $33.00 price target.
FLYW’s price has also changed moderately for the past six months – from $20.680 to $17.240, which is a -16.63% drop .
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Flywire (FLYW) Company Description:
Flywire Corp provides a secure global payments platform, offering its clients an innovative and streamlined process to receive reconciled domestic and international payments in a more cost effective and efficient manner. The company’s solutions are built on three core elements namely a payments platform; a proprietary global payment network and vertical-specific software backed by its deep industry expertise.
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