The price of WU is predicted to go up -2.27%, based on the high correlation periods with IMMP. The similarity of these two price pattern on the periods is 95.12%.
WU
IMMP
The demographic factor that has historically driven money transfer growth-namely, the differential between population growth in developing and developed countries-remains in place for the foreseeable future.
Western Union didn't see a major dropoff during the last recession or the pandemic, highlighting the stability of the business.
While the motives for immigrants to relocate to wealthier countries are well understood, developed countries also have incentives to open their borders, as negligible native population growth makes immigration a necessity for long-term GDP growth.
Barclays
Price Target
$11 → $10
Upside
-7.06%
UBS
Price Target
$14 → $12
Upside
+7.53%