Flywire Stock Rating Reaffirmed as 'Outperform' by Royal Bank Of Canada

Financial news outlet MarketBeat reports that Flywire (NASDAQ:FLYW) has had its stock rating reaffirmed as 'outperform' by Royal Bank Of Canada in a research note issued on Wednesday. This target price suggests a potential upside of 44.26% from the stock's previous close.

The analysts at Royal Bank Of Canada have set their target price for Flywire at $25.00, which is higher than its current market value of around $17.33. The company has a market capitalization of over $2 billion and operates in sectors such as education, healthcare, travel, and business-to-business payments.

Other research firms have also weighed in on Flywire, with BTIG Research reissuing a 'buy' rating and Truist Financial increasing its target price from $17.00 to $19.00 while giving the company a 'hold' rating. Citigroup restated its 'neutral' rating on shares of Flywire.