Flywire snags Buy rating at Truist on scalable payments infrastructure, large TAMs

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Truist analyst Andrew Jeffrey begun protection of Flywire (NASDAQ:FLYW) with a Invest in score, citing the paytech’s scalable payments infrastructure and enormous world full addressable markets. Shares of FLYW, although, edged down .7% on Thursday.

The firm’s “deep area skills and scalable payments infrastructure” are “long lasting competitive positive aspects in large, immature TAMs,” Jeffrey wrote in a take note to consumers.

The largest and very likely most fragmented current market that Flywire (FLYW) serves is world small business-to-company, of which the organization estimates has a TAM exceeding $10T, the analyst mentioned. Which is on major of its other verticals like Instruction sized at $660B, Healthcare at $500B and Journey at $530B.

All in all, its “essential verticals are materially non-cyclical and delight in potent secular desire,” which can aid additional than 20% extensive-phrase organic revenue development, Jeffrey highlighted. For 2022, 10 analysts see FLYW’s earnings climbing to $268.2M, symbolizing a Y/Y bounce of 48.1%.

Jeffrey’s Buy ranking falls between the Quant’s Keep ranking and the ordinary Wall Avenue score of Robust Acquire.

Beforehand, (Sep. 14) Flywire joins arms with Universitas XXI for built-in payment alternative.