Jefferies Upgrades Wise PLC (WPLCF) to Buy, Data 'Points to Internationalization and Higher Stickiness'

Jefferies analyst Hannes Leitner upgraded Wise PLC (OTC: WPLCF) from Hold to Buy with a price target raised to 1,024.00p (from 717.00p).

The analyst commented: "We think Wise is at an inflection point in its Card business, generating the next leg of growth after FX transfers and neo-bank like products (assets, interest). The newly launched JefData WATT corroborates our view on internationalization and user stickiness driving our FY25-26 EBITDA estimates 23-57% higher, putting us 17% and 26% above VA cons. We upgrade to Buy."

For an analyst ratings summary and ratings history on Wise PLC click here. For more ratings news on Wise PLC click here.

Shares of Wise PLC closed at $10.44 yesterday.

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