Barclays upgrades Wise to ‘overweight’
Wise Class A
991.00p
17:14 17/12/24
5.26%
49.50p
Barclays upgraded Wise on Tuesday to ‘overweight’ from ‘equalweight’ and lifted the price target to 1,000p from 800p.
Support Services
10,764.40
17:15 17/12/24
-1.00%
-108.26
“Wise's diversification offers sufficient levers to continue growth more than 20% mid-term at a circa 25% margin, even excluding excess NII," the bank said.
"Coupling underlying momentum with a short-term NII tailwind, we are 8/9% ahead of FY25/26 consensus earnings per share and see the de-rating as an opportunity to buy a high-quality compounder at a compelling valuation."