5 Best Small Cap Stocks to Buy for Long Term

4. Flywire Corporation (NASDAQ:FLYW)

Number of Hedge Fund Holders: 28

Flywire Corporation (NASDAQ:FLYW) is one of the best small cap stocks to buy for the long term. Raymond James lifted the price target on Flywire Corporation (NASDAQ:FLYW) to $22 from $21 on May 27 and maintained an Outperform rating on the shares, telling investors in a research note that the firm is encouraged by the recent execution and the diversification of the business. It sees a credible path for upside to estimates as the year progresses.

JPMorgan upgraded Flywire Corporation (NASDAQ:FLYW) to Neutral from Underweight on May 21, lifting the price target on the company to $16 from $14. It told investors in a research note that the company’s execution on re-mixing the business makes it less vulnerable to negative earnings revision risk. The firm also believes that Flywire Corporation (NASDAQ:FLYW) has reset expectations, creating “far less” downside risk relative to a year ago with upside potential from its recent deals and pipeline. It added that the travel trends remain positive, with no notable impact from the Middle East conflict.

Flywire Corporation (NASDAQ:FLYW) is a payments enablement and software company that combines its global payments network, payments platform, and vertical-specific software to deliver important and complex payments for its clients and their customers.