Analyst Reiterates Buy on Wise as U.S. Listing and GAAP Shift Leave Fundamentals Intact; Price Targets Set at 1,400p and $19
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Goldman Sachs analyst Mohammed Moawalla has reiterated a Buy rating on Wise stock, citing the company's shift to a U.S. listing and adoption of U.S. GAAP as non-disruptive to its fundamentals. He maintains a price target of 1,400p for the UK listing and introduces a $19 target for the U.S. listing, reflecting confidence in Wise's growth prospects. Moawalla's analysis suggests that the operational outlook remains strong despite the changes, indicating potential upside for investors.
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