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FLYW — Flywire News Story

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IndustrialsAdventurousMid CapHigh Flyer

Flywire jumps on Q2 revenue beat, annual outlook boost

BUZZ-Flywire jumps on Q2 revenue beat, annual outlook boost

** Payments network Flywire's FLYW.O shares jump as much as 9.2%, last up 6.1% at $18.31

** FLYW late Tuesday reported Q2 revenue above Wall Street estimates and boosted full-year guidance for revenue and adjusted EBITDA

** At least three brokerages raise PT on FLYW following what analysts said was a solid quarter

** "We remain buyers of FLYW shares as we believe the company’s goal of $1 billion of revenue with 30% adjusted EBITDA margins will be achievable within 3 years," William Blair analyst Cristopher Kennedy said

** 8 of 15 brokerages rate the stock "buy" or higher and 7 "hold"; median PT $20 — data compiled by LSEG

** As of last close, FLYW stock up 21.9% YTD


(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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