Chancellor's Budget Changes: Chancellor Rachel Reeves' budget proposes cutting Cash ISA allowances from £20,000 to £12,000 to encourage investment in domestic stocks, with the aim of boosting growth in the London Stock Exchange.
Impact on Investment Behavior: The anticipated changes, effective from the 2027/28 tax year, may prompt UK savers to shift towards Stocks and Shares ISAs, which historically offer higher returns compared to Cash ISAs.
Market Reactions: Following the budget announcement, sectors like finance and mining saw gains, indicating potential optimism among investors regarding increased investment in UK growth stocks.
Savers' Reluctance: Despite the potential benefits, a significant portion of UK savers (62%) expressed unwillingness to switch to Stocks and Shares ISAs, highlighting a challenge in changing investment behaviors among the population.
Wall Street analysts forecast WISE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WISE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast WISE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WISE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 40.154
Low
Averages
High
Current: 40.154
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
