FMP
Apr 04, 2024
Citi analysts adjusted their target price for Flywire Corporation (NASDAQ:FLYW) to $36 from $37, maintaining a Buy rating. Despite a significant post-Q4 gain, Flywire's stock has recently seen some retraction. The focus is on the recent student visa rule changes in Canada, which Flywire had discussed during its earnings announcement.
Although the full-year impact of these changes was included in Flywire's guidance, the analysts slightly tweaked their quarterly estimates, expecting them to still fall within Flywire's full-year growth expectation of approximately 30% in revenue with a margin expansion of more than 300 basis points. Despite concerns about potential similar restrictions in other regions and adjustments in valuation calculations, Flywire is viewed as an attractive option at its current market price.

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