Truist raised the firm's price target on Flywire to $18 from $16 and keeps a Buy rating on the shares. Following the company's 9% point organic revenue beat and corresponding guidance raise, the firm is increasing its top-line estimates by 2-3 points to reflect stronger trends in the education and travel verticals, the analyst tells investors in a research note. Additional considerations include Flywire's direct share repurchase agreement in May, refreshed market data, and updated assumptions for student visa issuance, the firm added.
