Truist Ups Flywire (FLYW) Price Target Following Q1 Revenue Beat and Guidance Raise

Flywire Corporation (NASDAQ:FLYW) is included among the 10 Most Popular Small Cap Stocks to Buy.

Truist Ups Flywire (FLYW) Price Target Following Q1 Revenue Beat and Guidance Raise

Flywire Corporation (NASDAQ:FLYW) is a global payments enablement and software company, on a mission to deliver the world’s most important and complex payments.

On May 19, Truist upped its price target on Flywire Corporation (NASDAQ:FLYW) from $16 to $18, while maintaining a ‘Buy’ rating on the shares. The revised target indicates an upside potential of over 12% from the current share price.

The move comes after Flywire Corporation (NASDAQ:FLYW)‘s 9% point organic revenue beat and the corresponding guidance raise in its recent Q1 report. Moreover, Truist highlighted the company’s recently announced direct share repurchase agreement, refreshed market data, and updated assumptions for student visa issuance as additional reasons behind the target boost.

Flywire Corporation (NASDAQ:FLYW) exceeded estimates in both profits and revenue in its Q1 report on May 5, with broad-based outperformance across education, travel, healthcare, and B2B. Moreover, the company raised both revenue and EBITDA guidance for the full year 2026. Flywire also announced an accelerated share repurchase program of up to $50 million under its existing share repurchase authorization.

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