Flywire Soars On Slew Of Bullish Calls By Investing.com

By Dhirendra Tripathi

Investing.com – Flywire (NASDAQ:FLYW) shares rose more than 4% in Monday’s trading as several brokerages issued bullish calls owing to growth potential at the cloud-based payments solutions provider.

Among the ones sending out buy or outperform calls include JPMorgan (NYSE:JPM), Raymond James (NYSE:RJF), Wolfe Research, Citigroup (NYSE:C), BofA Securities (NYSE:BAC), William Blair, Goldman Sachs (NYSE:GS), RBC Capital and Guggenheim.

Goldman Sachs analyst Matthew O’Neill put a $53 target for the stock, pointing out that the company is a payment processor for underserved verticals like healthcare and education. The target is a 51% upside from the stock’s current level of $35.

According to JPMorgan’s Tien-tsin Huang, Flywire checks several boxes that are essential to grow at a sustainably high rate in payments. He has a $45 target.

RBC Capital analyst Daniel Perlin believes the company is uniquely positioned to solve various payment friction points. He put out a $44 target for the stock.