Morgan Stanley Upgrades Flywire (FLYW) to Overweight

Morgan Stanley analyst James Faucette upgraded Flywire (NASDAQ: FLYW) from Equalweight to Overweight with a price target of $27.00.

The analyst comments "We are optimistic that drivers of strong growth from existing customers plus new customer contribution will keep revenue growth in the high-20’s/low-30’s, and combined with margin expansion, should push EBITDA growth to the 60-80% range each of the next two years. Upgrading to OW, $27 PT."

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

Shares of Flywire closed at $21.34 yesterday.

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