Wise's Outlook Improves Following Transaction Growth, UBS Says
MT Newswires Live
Oct 17
Wise's (WSE) outlook has improved following stronger transaction revenue in fiscal Q2, UBS said in a note Friday.
UBS said Wise's latest results were supported by resilient cross-border pricing and customer growth. The brokerage also highlighted opportunities from growing business adoption, card monetization and its Wise Platform offering.
UBS said Wise could benefit from operating leverage as pricing adjustments have a diminishing impact, while stablecoins remain a risk to monitor.
UBS maintained a buy rating with a $17.25 price target.
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