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Deutsche Bank analyst Nate Svensson started coverage of Flywire Corp. (NASDAQ:FLYW) stock with a Buy rating on Monday after recent selling pressure has created a good buying opportunity for investors.
Since the start of 2024, FLYW has shed 7.3%. From a year ago, the stock retreated 19.6%.
At five times his 2025 EV/gross profit estimate, FLYW is changing hands at a ~25% discount to peers, the sell-side analyst wrote in a note.
Svensson thinks such a valuation is unwarranted, calling the payments company a “core holding for fintech growth investors due to the company’s competitive advantage as the leading vertical-specific, integrated payments provider across attractive and underpenetrated addressable markets.”
His Buy rating disagrees with the SA Quant system rating of Sell and the average Wall Street analyst rating of Strong Buy.
