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)
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