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Barclays upgrades Wise to 'overweight'

14:01, 21st May 2024

[rarrarorro - stock.adobe.com]

Barclays upgraded WISE PLC   Follow | WISE on Tuesday to 'overweight' from 'equalweight' and lifted the price target to 1,000p from 800p.
"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."

Stock Chart | WISE

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