JPMorgan Upgrades Flywire Corporation (FLYW) to Neutral

Flywire Corporation (NASDAQ:FLYW) is one of the best small cap tech stocks to buy according to hedge funds. 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.

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Flywire Corporation (NASDAQ:FLYW) also received a rating update from Truist on May 19. The firm lifted the price target on the stock to $18 from $16 and maintained a Buy rating on the shares. It told investors in a research note that after the company’s 9% point organic revenue beat and corresponding guidance raise, the firm is raising its top-line estimates by 2-3 points to take into account stronger trends in the education and travel verticals.

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.

While we acknowledge the risk and potential of FLYW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLYW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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